# Vision Petlon Polymers Limited (10827461)

> Why UK company 10827461 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10827461

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10827461/filing-history/MzI0NzI1MzEyM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10827461

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