# South Wales Paper Company Limited(The) (00622424)

> Why UK company 00622424 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00622424

- **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- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00622424/filing-history/MzEwNjk4NTE0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00622424

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.