AW Creative Papers Group Limited (SC634287): administration
- Status
- Administration ended
- Administration began
- 2022-09-22
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2019-06-25
- Location
- Glasgow
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
- Energy costs
- Competition / price pressure
- Cash flow / liquidity pressure
- Parent or group failure
- Weak consumer demand
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 25 June 2019 and is the ultimate parent company of the Arjowiggins group.
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.
Administrators' statement of proposals (2022-11-04) · Companies House register