# TWP Packaging Solutions Ltd (07587490)

> Why UK company 07587490 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07587490

- **Status:** Administration ended
- **Administration began:** 2012-10-09
- **Administrators:** John Malcolm Titley, S Williams
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Watchteam Services Ltd
- **Incorporated:** 2011-04-01
- **Location:** Manchester
- **Industry:** 32990 Other manufacturing n.e.c.

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- HMRC / tax arrears
- Property / lease costs

## From the administrators' statement

31 The Company was incorporated on 1 Apnl 2011 and commenced to trade on 27 July 2011, when the Company acquired its business and assets via a pre-packaged sale from the administrators of TWP Packing Limited

32 The Company traded from leased premises located in Bradford, West Yorkshire and its pnncipal trade was the provision of packing services and matenals to customers in a vanety of sectors

33 Since the commencement of trade, the Company was loss making and was immediately experiencing cash flow difficulties This was largely due to the business maintaining its staff levels following the acquisition from TWP Packing Limited despite a significant reduction in turnover having been suffered pre-acquisition

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07587490/filing-history/MzA2ODQ5Mzc1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07587490

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