Aylesford Newsprint Limited (02825694): administration
- Status
- Administration ended
- Administration began
- 2015-02-24
- Administrators' firm
- KPMG
- Formerly
- Aylesford Limited; Youngscope Services Limited
- Incorporated
- 1993-06-10
- Location
- London
- Industry
- 17120 Manufacture of paper and paperboard
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
ANL was incorporated on 10 June 1993 and operated two paper mills from !ts 100 acre freehold site at Aylesford, Kent, which recycled paper to produce reels of newsprint for the newspaper industry ANL’s operations were such that the paper mills operated 24 hours a day, 7 days a week continuously producing newsprint with periodic downtime for maintenance As part of the production process, ANL has an on-site effluent plant which treats waste water
-3.2 Funding and financial position of the Company
ANL was funded by SFL who provided Asset Based Lending facilities against receivables, inventory and property /land SFL have debentures (fixed and floating charges) over the assets of ANHL, ANL and ANSL
Administrators' statement of proposals (2015-04-20) · Companies House register