M&S Plastics (Europe) Ltd (12537487): administration
- Status
- Administration ended
- Administration began
- 2020-09-04
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Incorporated
- 2020-03-27
- Location
- Newcastle upon Tyne
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company designed and manufactured injection moulding tooling and manufactured plastic items.
The Company was formed on 27 March 2020 with directors Steven Peverall and Simon Davies and shareholders Steven Peverall, Simon Davies, Tony Griffiths, Jacqueline Peverall, Ian Robinson and Kamala Vijayaraghavan.
It commenced trading on 31 March 2020 when it acquired the business and assets of Oldco from that Company's Administrators, Armstrong Watson. Armstrong Watson have no relationship or connection with FRP Advisory Trading Limited, Steven Ross or Allan Kelly. The acquisition and working capital of Oldco were funded by the director Simon Davies and a drawdown on an invoicing discounting facility and a term loan provided by Ultimate.
Administrators' statement of proposals (2020-11-16) · Companies House register