K.C.M. Packaging Limited (01837660): administration
- Status
- Administration ended
- Administration began
- 2017-04-07
- Incorporated
- 1984-08-02
- Location
- Old Trafford
- Industry
- 17219 Manufacture of other paper and paperboard containers
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
KCM was set up by John Pearson, William Jackson and Peter Delaroute in 1984. All 3 had worked together in a previous company in the packaging industry. The aim of the business was to become market leader in packaging manufacture in the North West.
The business originally traded from leasehold premises in Padfield. Capital was provided by the directors personally and augmented with collateral backed overdraft facilities originally with NatWest Bank. Trading progressed well and within 3 years of incorporation, turnover had reached £1M. The growth continued and turnover grew to circa £3M by 1994.
In 1996 Peter Delaroute resigned as a director leaving John Pearson and William Jackson as co-directors with John Pearson as MD and William Jackson as Production Director. William Jackson resigned in July 2001 due to ill health and Margaret Pearson joined the Board on the same date. Margaret Pearson was not been actively involved in the company for the past 5 years but did return on a part time basis to assist with administrative functions in the final year of trading.
Administrators' statement of proposals (2017-06-29) · Companies House register