Plastoy Limited (05282786): administration
- Status
- Administration ended
- Administration began
- 2019-01-30
- Administrators
- Lisa Jane Hogg, Kelly Burton
- Administrators' firm
- Wilson Field
- Formerly
- Duplay Limited; Direct From China Limited; Adibok Limited; LOW Price Toys Limited
- Incorporated
- 2004-11-10
- Location
- Sheffield
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Cash flow / liquidity pressure
- Regulatory change or action
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The information provided in this section is based upon company records, information provided by the Company and the explanations of its director. The key personnel involved in the provision of information was the Company's director and its internal financia! director. The Joint Administrators cannot therefore be held personally liable for any errors, inaccuracies or misstatement of fact contained therein.
The Company was incorporated on 10 November 2004 under the name of Low Price Toys Limited via a company formation agent known as Contractor (UK) Director Limited. Shortly thereafter, Mr. Terence Lowndes acquired the Company’s shareholding on 12 November 2004 however the Company remained dormant for a number of years and therefore did not generate any revenue for its first financial year ended 30 November 2005. The Company also changed its name to Adibok Limited within this period.
Mr. Lowndes was subsequently appointed as a director on 13 September 2006 and the Company again changed its name to Direct From China Limited in October 2006 Within this period, the Company was initially located at a leasehold premises at Unit 2, Beckside Court, Annie Reed Road, Beverley, HU17 OLF. Despite these changes to the Company’s structure within this period, it remained dormant and accordingly did not generate any revenue for the year ended 30 November 2006.
Administrators' statement of proposals (2019-04-11) · Companies House register