Monument Paper BAG Co Limited(The) (00481099): administration
- Status
- Administration ended
- Administration began
- 2021-04-06
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1950-04-17
- Location
- Sutton
- Industry
- 17211 Manufacture of corrugated paper and paperboard, sacks and bags
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 17 April 1950 and its business was the production of paper bags. It was originally set up by Tom Hancock to produce paper bags for fish and chips but more recently, the Company produced and supplied paper bags to supermarkets, including Lidl.
The Company sold its premises in the late 1950s and lay dormant until 1985 when it was resurrected and started trading again by David Long along with Tom Hancock’s two sons, Graham Hancock and Terry Hancock.
Administrators' statement of proposals (2021-05-17) · Companies House register