# First FIX Plastics (Scotland) Limited (SC406399)

> Why UK company SC406399 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC406399

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC406399/filing-history/MzE4NTc4MjY2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC406399

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.