Consuma Paper Products Limited (01576051): administration
- Status
- Administration ended
- Administration began
- 2022-12-01
- Administrators
- Andrew Poxon, Mike Dillon
- Administrators' firm
- Leonard Curtis
- Formerly
- Staples Disposables Limited; Staples Packaging Limited
- Incorporated
- 1981-07-23
- Location
- Manchester
- Industry
- 17120 Manufacture of paper and paperboard
Why it went into administration
- Energy costs
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was originally incorporated on 3 July 1981, as Staples Packaging Limited, and later in 1988, it changed its name to Staples Disposals Limited. In 2007, the Company acquired Goulds Tissues Products Limited. In March 2018, the Company shareholding was acquired by Consuma Holdings Limited and shortly thereafter, the Company name was amended to its current name.
The principal activity of the Company was a manufacturer of boxes of tissues into various supermarkets.
The Company was funded by way of an Invoice Finance Facility with Bibby Financial Services Limited (“Bibby”), who hold security by way of Debentures, incorporating a Fixed and Floating Charge over the Company's assets, created on 30 March 2018 and 4 August 2020. In addition, Bibby provided a stock facility loan to the Company.
Administrators' statement of proposals (2023-01-04) · Companies House register