# B.W. Manufacturing (Plastics) Limited (01205788)

> Why UK company 01205788 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01205788

- **Status:** Administration ended
- **Administration began:** 2017-04-19
- **Incorporated:** 1975-04-02
- **Location:** Grimsby
- **Industry:** 22290 Manufacture of other plastic products

## From the administrators' statement

The company director Mr Richard Walden was unable to properly manage the business affairs of the company, seemingly due to his personal health, and this had become a problem over a period of months. Ultimately it was identified by other members of his family, and Mrs Andrea Walden sought professional advice form the company’s accountants, who assisted with her being appointed director and Mr Richard Walden resigning on 23 March 2017.

By this time, the company had virtually ceased to trade, but there was an evident need for an Administrator to be appointed, due to the financial circumstances of the company. Lloyds Bank had a charge over the assets of the company, so it was necessary to consider the implications of this, before any Administrator was appointed.

As the indebtedness was some £11,000 a loan of £12,050 was taken, and secured on the property to ensure Lloyds Bank were properly repaid. The three vehicles owned by the company, but of relatively low value, were no longer insured, so they were collected by professional agents and later sold.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01205788/filing-history/MzE3Nzk2MzE1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01205788

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