# Consuma Paper Products Limited (01576051)

> Why UK company 01576051 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01576051

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01576051/filing-history/MzM2MzQ5Mzg1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01576051

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