Arjowiggins Scotland Limited (SC634249): administration
- Status
- In administration
- Administration began
- 2022-09-22
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- Interpath Advisory
- Formerly
- AW Scotland Limited
- Incorporated
- 2019-06-24
- Location
- Glasgow
- Industry
- 17120 Manufacture of paper and paperboard
Why it went into administration
- Parent or group failure
- COVID-19
- Rising costs / inflation
- Energy costs
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 June 2019 and is part of the Arjowiggins group. It operates the Stoneywood Mill, in Aberdeen, Scotland.
The Arjowiggins group, whose headquarters are in Aberdeen, was formed to acquire the trade and assets of the creative papers division of the international paper making group, Arjowiggins and Sequana group, via a management buy-out following administration in 2019.
The Arjowiggins group comprises 10 UK registered companies (“the Group”) (denoted in blue in the structure chart below) together with seven international subsidiaries (denoted in orange in the structure chart below). Together the 17 companies manufactured and distributed paper from four mills located in Scotland, England, Spain and China.
Administrators' statement of proposals (2022-11-04) · Companies House register