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