# Contrapak Limited (05142309)

> Why UK company 05142309 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05142309

- **Status:** Administration ended
- **Administration began:** 2013-10-01
- **Administrators:** David Michael Clements, Paul Douglas Glenn Walker
- **Administrators' firm:** Harrisons Business Recovery and Insolvency
- **Incorporated:** 2004-06-01
- **Location:** Hereford
- **Industry:** 17219 Manufacture of other paper and paperboard containers

## Why it went into administration

- HMRC / tax arrears
- Property / lease costs
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

Prior to the incorporation of the Company, the Directors, Kirsty Jane Smith (KJS’) and Wayne Gary Kedward (WGK’) had been work colleagues and had experience in customer service, manufacturing and packaging equipment Both KJS and WGK thought that they would like to start their own Company and Contrapak Limited was incorporated in June 2004 As the Company had no customers initially, it took several months to achieve the first order and the Company effectively didn’t commence trading until November 2004. The business was controlled by KIS and WGK throughout

The Company was incorporated with issued and subsequently fully paid up share capital of 25,000 ordinary £1 shares. Initially, WGK held 20,000 shares, KIS held 2,500 shares and Jason Gammage held 2,500 shares Over the trading period, the allocation of shares changed and prior to the Administration, KIS held 6,250 shares, WGK held 17,500 shares and Audrey Jean Kedward held 1,250 shares

The Company obtained banking facilites from various banks during the term of trading In December 2012, Lloyds TSB Bank Plc provided the Company with banking facilities, together with Lloyds TSB Commercial Finance Limited providing an invoice finance factlity }The Bank's jending was secured by way of a debenture providing fixed and floating charges over all tangible and intangible assets of the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05142309/filing-history/MzA4OTAxMDI3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05142309

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.