Gelpack Industrial Limited (02251996): administration
- Status
- Administration ended
- Administration began
- 2017-08-03
- Administrators' firm
- KPMG
- Formerly
- Gelpack Plip Limited; P L Industrial Products Limited; Gralitt Limited
- Incorporated
- 1988-05-05
- 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- Funding withdrawn / unable to refinance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 May 1988 and operated as a manufacturer of polythene films, liners and sacks into industrial packaging. The Group also included Excelsior, who had the same operating activities but operated from a leasehold premises on the Westfields Trading Estate in 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 operated
Administrators' statement of proposals (2017-10-04) · Companies House register