ABC Packaging & Plastic Ltd (08725965): administration
- Status
- Administration ended
- Administration began
- 2014-12-12
- Administrators
- Gary Norton Lee, Dean Watson
- Administrators' firm
- Begbies Traynor
- Formerly
- ABC Packaging (UK) Limited
- Incorporated
- 2013-10-10
- Location
- Manchester
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company had two separate sides to its trading operations, being a ‘packaging’ site and a ‘plastics’ site The packaging site washed, ironed, folded and packed items of clothing and the plastics site recycled plastic
The Company's Director, Mian Habib Ehsan (‘the Director”), has advised that the Company began experiencing cash flow problems in October 2014, as a result of high value sales invoices being rejected by customers due to quality issues
The packaging operation received a significant debit note for the full cost of the items as it was alleged by the customer that the items were damaged by the Company tn the washing and packing process Accordingly, these goods were rejected by the customer and returned to the Company's packaging site
Administrators' statement of proposals (2015-01-28) · Companies House register