Wonderpol Ltd (05469630): administration
- Status
- Administration ended
- Administration began
- 2024-02-20
- Administrators
- Richard Goodall, Anthony Collier
- Administrators' firm
- FRP Advisory
- Formerly
- Plastic RAW Materials Limited
- Incorporated
- 2005-06-02
- Location
- Manchester
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Rising costs / inflation
- Property / lease costs
- Sustained trading losses
- Rising interest rates
- Weather / natural events
From the administrators' statement
The Company was incorporated in 2005 and was a manufacturer of a wide range of thermoplastics to the masterbatch and compounding trade and wider UK plastics industry.
The Company operated from leasehold premises based in Leigh, Greater Manchester and employed 9 members of staff including 2 directors, all of whom were based at the Company’s trading premises.
The two directors Peter Senior and David Senior are the only shareholders (24:76 split). From May 2013, the Company benefitted from funding provided by ABN Amro
Administrators' statement of proposals (2024-03-01) · Companies House register