# Greenbottle Limited (05756226)

> Why UK company 05756226 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05756226

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05756226/filing-history/MzA5ODE5NzI5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05756226

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