NWP Creative LLP (OC349666): administration
- Status
- Administration ended
- Administration began
- 2020-03-24
- Formerly
- Amvima LLP
- Incorporated
- 2009-10-29
- Location
- London
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The LLP came into existence when NW left her previous employment and together with Ampito established the business by bringing in Sky as a major client, in particular their print business.
Up until 2013, Sky accounted for roughly 90% of NWP’s entire turnover with a small number of accounts making up the rest of the turnover. Later in 2013, the contacts moved from Sky to Sainsbury and engaged the LLP for its print media work. Consequently, the business with Sky was lost as Sainsbury's importance to NWP grew, with turnover rising to c.£1m with 95 % of that turnover being generated by the Sainsbury account.
However, this had adverse effects as smaller accounts were lost due to the LLP using the majority of its time and resources on the Sainsbury account, such that the business started to go into decline.
Administrators' statement of proposals (2020-05-19) · Companies House register