Yorkshire creative and digital agency collapses
YORKSHIRE creative and digital marketing agency Coolpink has ceased trading and is likely to be put into liquidation within days.
The Leeds-based business run by founder and managing director Mark Bower and which employed around 12 staff and has been established for more than a decade, shut down just before Christmas.
A creditors’ meeting is being held next Monday when the firm will almost certainly go into liquidation. Staff are believed to have been paid their salaries for December.
Coolpink’s demise is believed to be linked to its biggest client, furniture retailer DFS, moving all its work away from the agency and in house.
Prior to its collapse, the agecy had annual turnover of around £1m and clients including Asda, Wren Kitchens, Bensons for Beds, paint group PPG and cooker manufacturer Smeg.
But the sudden loss of a client which provided about 50% of its work saw Coolpink run of out cash providing little prospect of saving the firm.
Two years ago the agency was one of 15 in Yorkshire named in the influential Recommended Agency Register of the top 100 firms in the sector.
John Twizell of Geoffrey Martin & Co is likely to be appointed liquidator following the creditors’ meeting on Monday, January 13th.
