BCQ Group Limited - Administration

BCQ Group Limited, a family-owned, Buckingham-based print production and multichannel marketing company, entered administration on 14 August 2023. The company was burdened by its Covid debt, having taken out two CBILS loans totalling £900,000 in 2021. It entered administration after HSBC, the company’s secured creditor, discovered that it had over-advanced over £700,000 to the company. Immediately on the appointment of Paul Meadows and Matthew Cowlishaw of Teneo as Joint Administrators, a pre-pack sale to Bidco 123 (a company owned by Pollards) for consideration of approximately £3m was completed.