Vision Petlon Polymers Limited (10827461): administration
- Status
- Administration ended
- Administration began
- 2019-08-23
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- Vision Petlon Polymers UK Limited; Vision Pelton Polymers UK Limited; Vision Industrial Polymers (UK) Limited; Vision Industrial Polymers Ltd.; Vision Polymers (UK) Limited
- Incorporated
- 2017-06-20
- Location
- London
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
The Company was incorporated on 20 June 2017 and is part of the Visionscape Group, an international waste management and recycling conglomerate
On 12 September 2017, the Company acquired the business and certain assets of Petlon from Administration for total consideration of £837,217.
Administrators' statement of proposals (2019-10-21) · Companies House register