Pelaw Presentation Packaging Limited (01954884): administration
- Status
- Administration ended
- Administration began
- 2012-05-14
- Administrators
- Paul Robert Boyle, David Michael Clements
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Imprimer (Clearpack) Limited
- Incorporated
- 1985-11-05
- Location
- Pelaw
- Industry
- 2121
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
As previously advised, the Company was established in 1985 and was a family run business founded by David Young (DY) and Veronica Young (VY’) In 1996 their son Graeme Young (‘GY’) joined the Company as Director
The Company traded from a warehouse in Tyne and Wear, manufacturing packaging products and providing an onsite packing service
The Company traded well for over 20 years, however, competition from the emerging far eastern markets had an impact on the Company's customer base, driving the cost of sales, and profit margins down Coupled with the recession the Company’s turnover dropped considerably, and debts started to accrue
Administrators' statement of proposals (2012-07-12) · Companies House register