UK Kodak distributor, Photologic (UK) Limited, has gone into administration. Details of creditors claims and any queries should be submitted in writing to Kelly Levelle of Marriotts Recovery LLP by email at klevelle@marriottsllp.co.uk or by post to Marriotts Recovery LLP, Allan House, 10 John Princes Street, London W1G 0AH.
“In accordance with Paragraph 45(1) of Schedule B1 to the Insolvency Act 1986, notice is hereby given that the affairs, business and property of Photologic (UK) Limited – In Administration (“the Company”), is being managed by Anthony Harry Hyams FCCA, and Lloyd Edward Hinton MIPA MABRP acting as Joint Administrators. Pursuant to paragraph 69 of Schedule B1 to the Insolvency Act 1986 the Joint Administrators act as agents of the Company and without personal liability.
Details of creditors claims and any queries should be submitted in writing to Kelly Levelle of Marriotts Recovery LLP by email at klevelle@marriottsllp.co.uk or by post to Marriotts Recovery LLP, Allan House, 10 John Princes Street, London W1G 0AH.
Formal notification of the Company’s Administration will be sent to all known creditors in due course”
Photologic owner, Irish businessman, John Gallagher, took back control of the company from its UK management just a few months before it failed. His Irish business, Photologic (Ireland), was put into liquidation the same week the administrators arrived at the UK company. They say the company has no assets, so it can not be sold.
Credit debts owed to Photologic (Ireland) arguably weren’t out of line with turnover.
The company had non-trivial medical imaging business, and debtors included another of Gallagher’s concerns, the Dublin clinic, Charter Medical Group.
Medical is generally the healthier side of the imaging industry, and tends not to suffer the same woes as the challenged photo sector.
The Kodak distribution that had been mediated through Photologic (UK) (which included supply to the Kodak Express group) is understood to be currently handled by direct sales from Kodak on the continent, and by some reallocation to other distributors, including Tetenal.