Glamorgan Packaging Limited (06355807): administration
- Status
- Administration ended
- Administration began
- 2012-12-11
- Administrators
- Samantha Hawkins
- Administrators' firm
- Hawkins Insolvency
- Incorporated
- 2007-08-30
- Location
- Wrington
- Industry
- 16240 Manufacture of wooden containers
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated in 2007 with Mr Redbourn as the sole director He resigned from office on the 16 June 2011 and Ms Diaz was appointed as director and secretary. The Company traded as a wood processing business from their premises In South Wales.
Over the years the Company traded profitably employing 15 workers, at its peak
Annually the Company suffered a number of bad debts and difficulties in collecting debts As the end supplier to a number of builders and sub-contractors, timely payments were often slowed by issues higher in the building chain including retentions and rectifications.
Administrators' statement of proposals (2013-02-21) · Companies House register