FRC Packaging Limited (03015033): administration
- Status
- Administration ended
- Administration began
- 2012-08-23
- Formerly
- Lotus Grand Prix Engineering Limited
- Incorporated
- 1995-01-27
- Location
- Manchester
- Industry
- 16240 Manufacture of wooden containers
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 27 January 1995 as Lotus Grand Prix Limited It remained a dormant company until 2010 when it acquired the business and assets of FRC Packaging Limited formerly known as The Factory Reconstruction Company (Manchester) Limited CRN 00370730 and changed its name at Companies House to FRC Packaging Limited on 22 April 2010
The business was purchased from the Administrators of the Factory Reconstruction Company (Manchester) Limited, in March 2010 and the Company assumed responsibility for up to £120,000 of historic debt in order to obtain the supplies it
required to trade The director states that he could not obtain supplies from any
Administrators' statement of proposals (2012-09-12) · Companies House register