Fispak Limited (SC185991): administration
- Status
- Administration ended
- Administration began
- 2012-04-30
- Administrators
- James Bernard Stephen, David J Hill
- Administrators' firm
- BDO
- Formerly
- Macrocom (486) Limited
- Incorporated
- 1998-05-21
- Location
- Glasgow
- Industry
- 7487
From the administrators' statement
The Company was incorporated on 21 May 1998, and traded as a food packaging business from premises at Fispak Building, Marsmount Road, Shawfarm Industrial Estate, Prestwick, KA9 2TQ.
The Company had been making losses in recent years, however the directors had been optimistic that if austerity measures had been implemented the Company would have been able to continue trading and eventually become profitable. However, during February and March 2012, sales had fallen dramatically, and as such the Company was latterly not generating sufficient turnover to pay for supplies and ultimately became insolvent. One of the Company’s main suppliers threatened to submit a petition to wind up the Company and the directors decided to take steps to appoint an administrator.
On 29 April 2012 an application for appointment of Joint Administrators was made by David Gray being a director, pursuant to Paragraph 22 of Schedule B1 of the Insolvency Act 1986. On 30 April 2012 James Bernard Stephen and David John Hill were appointed Joint Administrators.
Administrators' statement of proposals (2012-06-26) · Companies House register