PAD Printers Limited (04190049): administration
- Status
- Administration ended
- Administration began
- 2024-08-28
- Administrators
- Katy Mcandrew, Andrew Knowles
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2001-03-29
- Location
- Manchester
- Industry
- 17120 Manufacture of paper and paperboard
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Competition / price pressure
- COVID-19
- Weak consumer demand
- Energy costs
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 29 March 2001. The Company trades as a manufacturer of paper and paper packaging products for use within the catering industry.
The Company latterly traded from leasehold at Park Works, River Street, Heywood, OL10 4AB. The Company employed 17 employees, including the Director.
The Company was funded primarily by way of an Invoice Finance Facility with Aldermore who hold security by way of a Debenture incorporating fixed and floating charges over the Company's assets, created on 12 March 2019 and registered in 20 March 2019. There is also an earlier charge in favour of Aldermore created on 22 May 2007.
Administrators' statement of proposals (2024-10-16) · Companies House register