# Mayfly Containers Limited (01722388)

> Why UK company 01722388 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01722388

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01722388/filing-history/MzEzNDM5OTAxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01722388

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