Statestrong Products Ltd (09338081): administration
- Status
- Administration ended
- Administration began
- 2015-10-07
- Administrators
- Russell Stewart Cash, Ben Woolrych
- Administrators' firm
- FRP Advisory
- Incorporated
- 2014-12-03
- Location
- Manchester
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company, incorporated in December 2014, was formed to facilitate a purchase of the business and assets of SL through a pre-packaged transaction following the Administration of SL.
SL had traded for over 30 years before experiencing financial difficulty following a solvent sale of the business in 2012. Insolvency practitioners from Wilson Field were appointed Administrators of SL on 10 December 2014 and immediately completed a sale of the business and assets to the Company.
The business manufactures aerosol and liquid toiletry, household and automotive products. It operates from leasehold premises in Lytham, Lancashire and Tarporley, Cheshire, employing 78 staff across both sites.
Administrators' statement of proposals (2015-12-09) · Companies House register