# Aspen Phoenix Newco Limited (13131751)

> Why UK company 13131751 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13131751

- **Status:** Administration ended
- **Administration began:** 2023-01-31
- **Administrators:** Kirstie Jane Provan, Mark Robert Fry, Gary Paul Shankland
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2021-01-13
- **Location:** London
- **Industry:** 47620 Retail sale of newspapers and stationery in specialised stores

## Why it went into administration

- COVID-19
- HMRC / tax arrears
- Sustained trading losses
- Weak consumer demand
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 13 January 2021 and is the only trading company in a wider group structure, operating as a gift, greetings card and stationary retailer, primarily through its retail portfolio of 106 leasehold stores which were trading as at the date of the Administrators’ appointment. The Company also traded from a number of concession outlets within major department stores in both the UK and the Republic of Ireland.

Initial purchase of the business

In January 2021, Paperchase Products Limited (“PPL”) entered administration and the business and assets of PPL were purchased by the Company, which was incorporated for this purpose. The Company’s secured debt provider was, at that time, Permira Capital (“Permira”) who had financed the purchase of the PPL business and assets out of administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13131751/filing-history/MzM3MjM4ODExNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13131751

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