Gelpack Excelsior Limited (02222284): administration
- Status
- Administration ended
- Administration began
- 2017-08-03
- Administrators' firm
- KPMG
- Formerly
- Kernflow Limited
- Incorporated
- 1988-02-17
- Location
- Birmingham
- Industry
- 22220 Manufacture of plastic packing goods
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in February 1988 and operated as a manufacturer of polythene films, liners and sacks for industrial packaging. The Group also included Industrial, who carried out the same activities but operated from freehold premises in Madley, Hereford.
Although Excelsior and Industrial were separate legal entities, the Companies were run as one operating business.
The Companies operated from two separate manufacturing facilities; Excelsior traded from leasehold premises in Grandstand Road, Hereford and Industrial operated from a freehold property in Madley. In addition, both Companies made use of a leasehold warehouse facility in Moreton on Lugg which was used as a hub for the storage of raw materials and finished goods.
Administrators' statement of proposals (2017-10-04) · Companies House register