TWP Packing Limited (07243380): administration
- Status
- Administration ended
- Administration began
- 2011-07-27
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2010-05-05
- Location
- Reading
- Industry
- 3663
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The narrative contained within this section has been prepared using the information provided by ST and CT and we the Administrators have not independently verified its content and do not accept any responsibility.
The Company was incorporated on 5 May 2010 following the Administration of TWP For Packaging Limited CTWP4P’), an associated company that also traded in the packaging sector. At this time Clive Thompson (CT’) was appointed sole Director In July 2010 Samantha Thompson (‘ST’) was also appotnted Director and remains the sole Director following the resignation of CT in August 2010.
It was funded with the cashflow of the existing trading and was granted banking facilities with Barclays Bank Plc. In addition the Company operated a factoring agreement with Aldermore Invoice Finance CAldermore’) based on funding of 80% of the value of the invoices being made available.
Administrators' statement of proposals (2011-08-23) · Companies House register