Lignia Wood Company Limited (05987714): administration
- Status
- Administration ended
- Administration began
- 2021-04-20
- Administrators' firm
- ReSolve
- Formerly
- Fibre 7 UK Limited; Pillsbury 002 Limited
- Incorporated
- 2006-11-03
- Location
- London
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was formed in 2006 and initially operated in New Zealand as a university-backed research vehicle investigating future uses for Radiata pine, until 2015 when it relocated to the UK. The extensive research and development programme led by the Company resulted in the formation of the following product lines used in two core markets (collectively referred to as the ‘LIGNIA Products’):
Construction sector
• LIGNIA Wood Manufactured from sustainable, fast growing softwoods sourced from FSC certified managed plantations, to be used for multiple applications including cladding, flooring, window frames and doors, providing a sustainable alternative to hardwoods.
Administrators' statement of proposals (2021-06-17) · Companies House register