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

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor