Scotplast Limited (SC174092): administration
- Status
- Administration ended
- Administration began
- 2012-09-21
- Administrators
- Paul Dounis, David M Menzies
- Administrators' firm
- Begbies Traynor
- Formerly
- Exchangelaw (No. 171) Limited
- Incorporated
- 1997-04-03
- Location
- Edinburgh
- Industry
- 22220 Manufacture of plastic packing goods
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors in due course will provide detailed information in relation to the Company. However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage.
The Company was a plastic moulding company based in Cambuslang, near Glasgow. The Company’s main customers were ice cream manufacturers. The Company was incorporated and commenced trading in 1997. Latterly the Company employed 21 people, with all jobs having been preserved as a resutt of the sale.
The reasons for the Company’s insolvency
Administrators' statement of proposals (2012-11-20) · Companies House register