Greenbottle Limited (05756226): administration
- Status
- Administration ended
- Administration began
- 2014-02-28
- Administrators
- Lila Thomas, David Robert Acland
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-03-24
- Location
- Preston
- Industry
- 82920 Packaging activities
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in March 2006 by Martin Myerscough (resigned on 28 March 2012), an inventor and product designer, with a view to developing a new type of liquid packaging to be used as an environmentally frendly alternative to plastic bottles and laminated cartons The product, made from a paper outer shell with a thin plastic layer to hold the liquid, would be fully recyclable and have a much lower carbon footprint than a standard plastic bottle
However, it was clear that significant research and development would be required before the product would be available to the market and in order to get the product to that stage the Company would need to secure investment from third parties
Over the years the Company has generated interest from both individuals and corporate entities who have agreed to invest and have injected funds into the Company in order to support the development of the product and design and build the machinery and tooling required to begin manufacture Over £10 million has been invested since incorporation
Administrators' statement of proposals (2014-04-14) · Companies House register