# Flexothene Limited (07600131)

> Why UK company 07600131 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07600131

- **Status:** Administration ended
- **Administration began:** 2017-02-06
- **Administrators' firm:** KRE Corporate Recovery
- **Incorporated:** 2011-04-11
- **Location:** Newcastle upon Tyne
- **Industry:** 22220 Manufacture of plastic packing goods

## Why it went into administration

- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company began trading in 2011 from rented premises at Unit 15h, Hackworth Industrial Park, Shitdon as a supplier of packaging materia! to a variety.of customers. The packaging material was purchased in bulk and then split and sold on to customers. The Company entered into a factoring agreement with Factor 21 plc to factor the Company's book debts. Factor 21 pic also held security over the Company's assets by way of fixed and floating charges.

A summary of the Company's recent trading performance is shown below.

Statutory Accts 01 Statutory Accts 01 May 2015 to 30 May 2014 to 30

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07600131/filing-history/MzE3Mzc5MjgwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07600131

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