BusinessBusiness RecoveryKPMG called in as plastics group ‘melts’

KPMG called in as plastics group 'melts'

Injection moulding manufacturer in trouble

Administrators from KPMG Corporate
Restructuring
have been called in at
RBA Plastics Limited after it ran into
difficulties.

Brian Green and Paul Flint from KPMG have been appointed as administrators at
the company, which supplies products to some of the UK automotive and domestic
appliance manufacturers.

Last year it had a turnover of approximately £20m. It employs 170 people
across the North West and Wales.

The company had been the subject of two previous insolvencies; the business
was first acquired from the receivers of
Rolinx Plastics
Ltd following its administration in February 2006. Previously, Rolinx had
acquired the business from the receivers of Transtec Ltd, which failed in 2000.

Commenting on the administration, Flint said, ‘We are working directly with
customers to try and find a solution so that production can continue.’

Further reading:

New head of restructuring arm at KPMG

KPMG brought in at Cammell Laird

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor