Plasto-Sac UK Limited (03752593): administration
- Status
- In administration
- Administration began
- 2025-12-22
- Administrators
- Kerry Bailey, Christopher Skey
- Administrators' firm
- BDO
- Incorporated
- 1999-04-14
- Location
- Liverpool
- Industry
- 22220 Manufacture of plastic packing goods
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
On 20 November 2025, HSBC introduced BDO to the Company in order for BDO to meet with the Company’s directors and key management to review its financial position. The Company had been experiencing significant cash flow pressures driven by increased debt servicing obligations under its loan agreements, coupled with increased working capital requirements due to elevated stock levels. These factors resulted
in limited liquidity, restricting the Company’s ability to meet supplier obligations within agreed credit terms.
Furthermore, the Company recently received correspondence from HMRC indicating its intention to initiate winding-up proceedings in respect of outstanding tax liabilities of approximately £1m.
Administrators' statement of proposals (2026-01-19) · Companies House register