Arjowiggins Translucent Papers Limited (12067434): administration
- Status
- Administration ended
- Administration began
- 2022-09-22
- Administrators
- James Alexander Dewar, Alistair Mcalinden
- Administrators' firm
- Interpath Advisory
- Formerly
- Translucent Papers Limited
- Incorporated
- 2019-06-25
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
- Energy costs
- Competition / price pressure
- Cash flow / liquidity pressure
- Parent or group failure
- Weak consumer demand
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 25 June 2019 and is an intermediate holding company within the Arjowiggins group.
The Arjowiggins group, whose headquarters are in Aberdeen, was formed to acquire the trade and assets of the creative papers division of the international paper making group, Arjowiggins and Sequana group, via a management buy-out following administration in 2019.
The Arjowiggins group comprises 10 UK registered companies (“the Group”) (denoted in blue in the structure chart below) together with seven international subsidiaries (denoted in Orange in the structure chart below). Together the 17 companies manufactured and distributed paper from four mills located in Scotland, England, Spain and China.
Administrators' statement of proposals (2022-11-09) · Companies House register