# Plastic Resources Ltd (07732733)

> Why UK company 07732733 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07732733

- **Status:** Administration ended
- **Administration began:** 2012-03-26
- **Administrators' firm:** ReSolve
- **Incorporated:** 2011-08-08
- **Location:** London

## Why it went into administration

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

## From the administrators' statement

The Company was incorporated on 8 August 2011 by Mr Mike Riddex who resigned on 7 October 2011 The current director, Angus Steel was appointed on 7 October 2011

The Company was set up as an investment vehicle to purchase the business and assets of Urbis Canalside (Lease) Limited (“Urbis”) Urbis was placed into Adminstration with Resolve Partners LLP appointed as Jount Administrators on 26 July 2011 Please note that Mike Riddex and Angus Steel were the former directors of this company

The Company purchased the business and assets from Urbis for the sum of £390,000 Due to the loss of the contract with Diversy, the Company agreed a reduced consideration for the sale of the business and assets from Urbis with their Jomt Admunistrators, Resolve Partners LLP

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07732733/filing-history/MzA1Nzc5MDE0OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07732733

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