Cannon Tri-Laminates Limited (06959137): administration
- Status
- Administration ended
- Administration began
- 2013-12-20
- Administrators
- Martin T Coyne, Andrew Turpin
- Administrators' firm
- Quantuma
- Formerly
- Hi-Tech Polymer Ltd
- Incorporated
- 2009-07-10
- Location
- Birmingham
- Industry
- 20160 Manufacture of plastics in primary forms
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Over-expansion / investment not recovered
- Sustained trading losses
From the administrators' statement
The Company was formed in July 2009 and 1s a rubber coated fabrics manufacturer operating from premises situated in Wigan
The Company produced a wide range of rubber coated textiles using the ‘knife over roller’ technique to a maximum textile spreading width of 300cm The Company's ability to produce rubber coated textiles to this width was understood to be ‘unique’ within this particular market and had allowed tt to secure contracts in the UK, Europe and globally
This distinctiveness, it was believed, led to the Company being the only approved suppller to the American Air Force in respect of providing coated textiles for the production of protective hoods
Administrators' statement of proposals (2014-02-20) · Companies House register