Premier Sacks & Packaging Limited (02666553): administration
- Status
- Administration ended
- Administration began
- 2022-03-31
- Administrators
- Colin David Wilson, Ian Mcculloch
- Administrators' firm
- Opus Restructuring
- Formerly
- Plantmade Limited
- Incorporated
- 1991-11-28
- Location
- Milton Keynes
- Industry
- 17211 Manufacture of corrugated paper and paperboard, sacks and bags
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- COVID-19
- HMRC / tax arrears
- Brexit
From the administrators' statement
2.1 The Company was incorporated in November 1991 and traded in the manufacture of corrugated paper, paperboard, sacks, and bags.
2.2 Historically, the Company has performed reasonably well however, in the last five years, the Company has seen a decline in turnover due to the reduction of demand within the industry and also the inability to source the paper material required.
2.3. Before Covid-19 took effect, the Company started to see a paper supply shortage in addition to material prices increasing between 50-100%. The Company was unable to pass on the price increases in full to the customer.
Administrators' statement of proposals (2022-04-09) · Companies House register