Holloid Plastics Limited (00509428): administration
- Status
- Administration ended
- Administration began
- 2013-03-06
- Administrators
- Gilbert J Lemon, Stephen John Adshead
- Administrators' firm
- Evelyn Partners
- Incorporated
- 1952-07-02
- Location
- Bristol
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The background to the appointment ts disclosed in detail in the SIP16 statement pieviously issued to all known creditors on 13 March 2013 A further copy is attached as appendix B fo1 ease of reference
In summary, the ditecto1 sought advice from the Insolvency team at Smith & Willhamson LLP on 1 February 2013 because he had conceins that the company was unable to pay its debts as and when they fell due and risked action being taken by HM Revenue and Customs as a result of unpaid VAT and PAYE/NIC Holloid was thetefore insolvent
Afte considering the options open to Holloid, an admmistration was sought to preserve the asset value and goodwill of the busmess whilst at the same time pursuing various interested parties who had expressed an intetest in the company or business as a result of a marketing process that was
Administrators' statement of proposals (2013-05-02) · Companies House register