STM Packaging Group Limited (05919785): administration
- Status
- Administration ended
- Administration began
- 2018-07-13
- Administrators' firm
- Price Bailey
- Formerly
- STM Polythene Limited; PF Newco Limited; De Facto 1414 Limited
- Incorporated
- 2006-08-30
- Location
- Norwich
- Industry
- 18130 Pre-press and pre-media services
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated under the name STM Polythene Limited on 30 August 2006 but the business of ‘Transmail’ began around 50 years ago from premises in Hurricane Way, Norwich. Initially, Transmail’s key market was mailing products and all the early key customers were mailing houses. It later became part of a group of companies including one called ‘Sefton Polythene’ in Liverpool. However this eventually closed and its database was incorporated into Transmail, with the trading name changed to ‘Sefton Transmail’.
The business has undergone various changes of ownership over the years with Esther Evans (MD at the commencement of Administration) becoming involved in January 2007. Shortly after this time, the Company moved the Norwich site from Hurricane Way to Concorde Road.
The Company acquired the Polythene Envelope Company Limited (later renamed The Polythene Company Limited) in February 2009. Both companies traded from Concorde Road, with the two previous owners of The Polythene Company Limited appointed onto the Board along with another private investor. The Polythene Company Limited remains a separate legal entity (100% owned by the Company) but, whilst it operated its own debtor ledger and bank account, it did not have any employees and its only supplier was STM. As such it was not a ‘standalone’ business and was, in practice, treated as a trading style of STM.
Administrators' statement of proposals (2018-09-02) · Companies House register