# Gelpack Industrial Limited (02251996)

> Why UK company 02251996 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02251996

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02251996/filing-history/MzE4NzAyOTIwN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02251996

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