Polymer Extrusions Limited (05949544): administration
- Status
- Administration ended
- Administration began
- 2022-04-11
- Administrators' firm
- Company Accountants Accountants Plus
- Incorporated
- 2006-09-28
- Location
- Abercynon
- Industry
- 22210 Manufacture of plastic plates, sheets, tubes and profiles
Why it went into administration
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The business was incorporated on 28° September 2006 as a manufacturer of plastic Plates, sheets, tubes and profiles.
It was originally run as a family business with husband and wife William Clayton and Wendy Clayton specialising in the extrusion of plastic tubes and profiles, expanding into the recycling sector during 2011 at the request of a local injection moulding company, which produced mouldings for the automotive industry, to recycle waste and reject products and produce a compound blend of material to return for incorporation with their virgin materials.
The Company grew steadily over the next several years and introduced an engineering facility to manufacture machined parts for in house use and a range of customers throughout South Wales
Administrators' statement of proposals (2022-06-15) · Companies House register