Paragon Creative Limited (04409463): administration
- Status
- Administration ended
- Administration began
- 2019-07-01
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- KPMG
- Incorporated
- 2002-04-04
- Location
- Leeds
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Prior to our appointment, the Company employed 111 members of staff; however shortly following our appointment, 102 members of staff were made redundant. We retained 9 members of staff to assist with the wind down of the Company. The Joint Administrators have since made these employees redundant.
The Company ceased to trade upon the appointment of the Joint Administrators.
3.2. Funding and financial position of the Company
Administrators' statement of proposals (2019-08-30) · Companies House register