First FIX Plastics (Scotland) Limited (SC406399): administration
- Status
- Administration ended
- Administration began
- 2017-07-26
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Incorporated
- 2011-08-30
- Location
- Glasgow
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Parent or group failure
From the administrators' statement
a First Fix Plastics (Scotland) Limited (“FFPS” or “the Company”) was incorporated on 30 August 2011 by its principal shareholder and director, David Holmes, to supply a wide tange of plastic, vinyl, dyes and other consumables to the Scottish sign making industry.
a Following its incorporation, the Company operated from leasehold premises in Queenslie, Industrial Estate in Glasgow, initially employing 6 staff.
mw Over the course of the next six years, the business grew its turnover levels to a peak of £1,5m‘in 2015. This prompted a relocation to larger leasehold premises in Annick Industrial Estate in Glasgow and an increase in staff to 11.
Administrators' statement of proposals (2017-09-20) · Companies House register