GRP Laminates Limited (05288206): administration
- Status
- Administration ended
- Administration began
- 2012-09-07
- Administrators
- Scott Christian Bevan, Simon David Chandler
- Administrators' firm
- Mazars
- Formerly
- BSDR 3 Limited
- Incorporated
- 2004-11-16
- Location
- Birmingham
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company’s accounts as at 31 March 2010 and 31 March 201] indicate that the Company has been loss making The Company 1s a wholly owned subsidiary of Tiger Marine Limited and Tiger Marine Limited has funded the Company for a number of years
The Company produced high performance fiberglass, carbon fibre and other reinforced composite mouldings in the marine industry In addition to this the Company also diversified into a wide range of non marine products utilising the latest laminating technologies, including resin transfer moulding, vacuum infusion and traditional hand laid moulding using both epoxy and polyester resins
The Company operated from leasehold site Prospect Road, Cowes, Isle Of Wight, PO31 7AD and employed 22 members of staff
Administrators' statement of proposals (2012-10-25) · Companies House register