Cupral Group Ltd (11220506): administration
- Status
- Administration ended
- Administration began
- 2024-04-10
- Administrators
- Martyn James Pullin, David Antony Willis
- Administrators' firm
- FRP Advisory
- Formerly
- Tees Aluminium Limited
- Incorporated
- 2018-02-22
- Location
- Stockton on Tees
- Industry
- 38210 Treatment and disposal of non-hazardous waste
Why it went into administration
- Energy costs
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated in February 2018 but did not commence trading until April 2021 when it was acquired by PT International Development Corporation Ltd (“Parent”) via Ko Bon Investment Holdings Ltd (both registered in Hong Kong).
It is understood that 90% of the share capital is held by KT Bon Investment Holdings Ltd with the remaining 10% held by private individuals.
The Company’s board consists of three overseas Corporate directors and one UK based individual director.
Administrators' statement of proposals (2024-04-26) · Companies House register