Fortoak Rolls Limited (05660546): administration
- Status
- Administration ended
- Administration began
- 2023-10-23
- Administrators' firm
- Begbies Traynor
- Formerly
- Eight & Eight Distribution Limited
- Incorporated
- 2005-12-21
- Location
- Birmingham
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- COVID-19
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 21 December 2005 and grew to become a leading supplier of paper rolls, labels, and packaging serving the UK market.
In October 2022, the Company moved its office headquarters, warehouse and distribution facility to a new purpose-built eco-building at Unit 2, Prologis Business Park, Hams Hall, Coleshill Birmingham, B46 1DS (‘the Premises”) on a leasehold basis. The Company’s registered office was also the Premises.
In recent years, the Company has regularly achieved sales between £6m to £10m per annum, and as at the date of the appointment of the Administrators, the Company employed 13 staff (excluding directors).
Administrators' statement of proposals (2023-10-31) · Companies House register