# Techcel Limited (07232572)

> Why UK company 07232572 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07232572

- **Status:** Administration ended
- **Administration began:** 2019-09-19
- **Administrators:** Andrew James Stone, Howard Smith
- **Administrators' firm:** KPMG
- **Formerly:** Hallco 1755 Limited
- **Incorporated:** 2010-04-22
- **Location:** Manchester
- **Industry:** 17120 Manufacture of paper and paperboard

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Credit insurance / supplier credit withdrawn
- Energy costs
- Sustained trading losses
- Management failings / irregularities
- Loss of key people
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in April 2010 and was the Group’s second converting facility designed specifically to manufacture branded product.

Sidcot Group acted as a purchasing vehicle and provided the Group with its asset base, including freehold property and investment.

Chesterfield operated a paper mill, taking in recycled fibre to produce the base paper product and supplied the Group with parent reels for conversion or sale.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07232572/filing-history/MzI0NjU4ODI0MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07232572

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.