Mayfly Containers Limited (01722388): administration
- Status
- Administration ended
- Administration began
- 2015-09-11
- Administrators' firm
- Deloitte
- Formerly
- Pondbury Limited
- Incorporated
- 1983-05-11
- Location
- Cardiff
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company has traded profitably for a number of years, achieving turnover of c£254m in 2012 However as a | result of the recent issues within the oil and gas sector the Company experienced a significant reduction in order volume levels, with turnover reducing to c£14 7m in the | financial year to March 2015 Having considered the Company's financial position, and with little prospect of ) trading improving within the short/medium term, the Company Directors were left with no alternative but to place the Company into Administration
' When decision to appoint was made
• Once it became clear that the Company would be unable ' to pay tts debts once they fell due, the directors held a
Administrators' statement of proposals (2015-11-03) · Companies House register