PDA Plastics Limited (08782110): administration
- Status
- Administration ended
- Administration began
- 2023-11-09
- Administrators
- David F Perkins, Grace Jones
- Administrators' firm
- Parker Andrews
- Formerly
- Alexiplas Limited
- Incorporated
- 2013-11-19
- Location
- Norwich
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 Parker Andrews Limited were initially consulted in August 2023 to provide advice on the Company’s financial affairs and it was concluded that immediate action was required to protect the Company’s business to be able to maximise the realisations for the benefit of creditors.
3.2 No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
3.3 Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.
Administrators' statement of proposals (2023-11-27) · Companies House register