South Wales Paper Company Limited(The) (00622424): administration
- Status
- Administration ended
- Administration began
- 2014-07-15
- Administrators' firm
- Dow Schofield Watts
- Incorporated
- 1959-03-05
- Location
- Daresbury
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 5 March 1959, with Russell William Clode and Enyd Muriel Clode appointed as directors of the Company and owning the entire issued share capital
Since its incorporation, the Company has traded as a paper wholesaler in South Wales and it has remained in the ownership of the Clode family throughout
The business traded successfully for over 30 years before moving into its current office and warehouse premises at Priority Enterprise Park in Barry, Vale of Glamorgan The Company purchased land in 1990 and oversaw the construction of these purpose built premises during
Administrators' statement of proposals (2014-09-05) · Companies House register