# Amscan Holdco Limited (13044098)

> Why UK company 13044098 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13044098

- **Status:** Administration ended
- **Administration began:** 2024-07-10
- **Administrators:** James Richard Clark, Ryan Kevin Grant
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2020-11-25
- **Location:** Leeds
- **Industry:** 46900 Non-specialised wholesale trade

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Group Is engaged in the sourcing, wholesaling, and e-commerce retailing of costume and party products. The Group operates globally within key jurisdictions including the UK, US, Germany, Australia and Hong Kong.

3.2 Funding and financial position of the Company Funding

PNC funded the Group by way of accounts receivable and inventory facilities plus a cash flow term loan. PNC holds first- ranking fixed and floating charges over the majority of the Group. PNC indebtedness across the Group is approximately £9.2 million.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13044098/filing-history/MzQyOTc2MDAyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13044098

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.