# Contract Paper Limited (00935398)

> Why UK company 00935398 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00935398

- **Status:** Administration ended
- **Administration began:** 2015-04-01
- **Administrators' firm:** Deloitte
- **Formerly:** Contract Papers Limited
- **Incorporated:** 1968-07-15
- **Location:** Birmingham
- **Industry:** 46760 Wholesale of other intermediate products

## Why it went into administration

- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Credit insurance / supplier credit withdrawn

## From the administrators' statement

The Companies have been expertencing declining market volumes for a number of years, which accelerated significantly in the last year due to certain suppliers beginning to sell direct to customers

The combination of this sates decline with low gross margins and a high fixed cost base resulted in increasingly high losses for a number of years, which accelerated in the current financial year

These trading losses, in combination with tightening supplier credit terms, and reduced invoice finance facility availability due to lower sales, resulted in considerable liquidity pressure across the Companies

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00935398/filing-history/MzEyNDU4NzM0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00935398

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