Tullis Russell Papermakers Limited (SC006195): administration
- Status
- Administration ended
- Administration began
- 2015-04-27
- Administrators' firm
- KPMG
- Formerly
- Tullis, Russell & Company, Limited
- Incorporated
- 1906-05-21
- Location
- Glasgow
- Industry
- 17120 Manufacture of paper and paperboard
Why it went into administration
- Competition / price pressure
- Energy costs
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
TRP was incorporated on 21 May 1906 however, the papermaking business has roots dating back to 1809. TRP produced premium paper and board products for end customers operating in a wide range of sectors, including cosmetics, pharmaceuticals, food and beverages, audio visual and IT.
TRP operated from premises owned by Group at Markinch, Fife and at the date of appointment employed a workforce of 474.
2.2 Funding and financial position
Administrators' statement of proposals (2015-06-22) · Companies House register