ML2024 Limited (03304485): administration
- Status
- Administration ended
- Administration began
- 2024-01-11
- Administrators
- Edward Williams, Ross David Connock
- Administrators' firm
- PwC
- Formerly
- Milspeed Limited
- Incorporated
- 1997-01-20
- Location
- Leeds
- Industry
- 13950 Manufacture of non-wovens and articles made from non-wovens, except apparel
Why it went into administration
- Cash flow / liquidity pressure
- Weak consumer demand
- Energy costs
- Supply chain disruption
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 20 January 1997. It is a family owned business which is owned and managed by its two directors who are also its majority shareholders.
The Company employs 35 employees across two Leasehold Properties, one in Banbury, Oxfordshire and the other in Bourton on the Water in Gloucestershire.
The Company has historically worked with customers to develop innovative, high-performing and sustainable coated film based solutions, being a global leader in extrusion coating and converting for footwear, apparel, specialist film applications and in reprocessing plastic waste into pellets and products.
Administrators' statement of proposals (2024-01-29) · Companies House register