# Matryx Limited (05366702)

> Why UK company 05366702 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05366702

- **Status:** Administration ended
- **Administration began:** 2019-09-19
- **Administrators:** Andrew James Stone, Richard John Harrison
- **Administrators' firm:** KPMG
- **Formerly:** Woodstock Tissue Ltd
- **Incorporated:** 2005-02-16
- **Location:** Manchester
- **Industry:** 17120 Manufacture of paper and paperboard

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Credit insurance / supplier credit withdrawn
- Energy costs
- Sustained trading losses
- Management failings / irregularities
- Loss of key people
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in February 2005 and based in Oldham. It operated as the Group’s main converting business, taking parent reels produced in Chesterfield. Matryx converted tissue and paper products exclusively for distributors.

Sidcot Group acted as a purchasing vehicle and provided the Group with its asset base, including freehold property and investment.

Chesterfield operated a paper mill, taking in recycled fibre to produce the base paper product and supplied the Group with parent reels for onward conversion or sale.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05366702/filing-history/MzI0NjYwNjIwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05366702

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