# Stan Chem International Limited (01336946)

> Why UK company 01336946 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01336946

- **Status:** Administration ended
- **Administration began:** 2021-02-03
- **Administrators:** Benjamin John Wiles, Matthew Ingram
- **Administrators' firm:** Kroll
- **Incorporated:** 1977-11-02
- **Location:** London
- **Industry:** 46750 Wholesale of chemical products

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Parent or group failure
- Competition / price pressure

## From the administrators' statement

Following acquisition of the Hampshire Cosmetics business from the Administrators of Solab Group Limited in June 2019, there was a protracted consolidation of the Company’s Inovia division from its previous Kings Cliffe site into the (formerly Hampshire Cosmetics) Waterlooville site. This led to integration issues, resulting in significant exceptional / restructuring costs in both 2019 and 2020, adversely impacting cash and profitability.

Despite a refinancing of the Group during 2020, the Company became insolvent on a cash flow basis due to significant ongoing trading losses, which increased the creditor stretch and cash flow pressure.

Further details can be found at Section 4.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01336946/filing-history/MzI5MjkwNjgyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01336946

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