The Charapak Group Limited (01495912): administration
- Status
- Administration ended
- Administration began
- 2017-02-28
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Formerly
- Charapak Limited; Chara PAK Limited; Fossbarn Limited
- Incorporated
- 1980-05-08
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Statutory information on the Group and a summary of its financial history is included at Appendix 1.
The business was established in 1980 as CG and has subsequently expanded and developed with Siliconpak being incorporated in 1983, Charapak in 1996 and CSP in 2007.
As at Appointment Date the Group consisted of two holding companies with CSP being the ultimate holding company owning 100% shareholding of CG, and CG owning 100% shareholding in the two trading entities, Charapak and Siliconpak.
Administrators' statement of proposals (2017-04-13) · Companies House register