Plastic packaging firm comes unwrapped as administrators called in
A Derbyshire-based designer and manufacturer of plastic packaging has called in administrators.
Thermoform was established by Dennis and Doreen Perks in 1973. Originally a light engineering company, the Ashbourne firm gradually moved into the vacuum formed packaging industry over the next decade, investing in the first TFT thermoforming machine in the UK in 1983.
However, the future of the company has become increasingly unclear in recent weeks after it posted three notices of intention to appoint administrators – the last on Friday May 19.
On May 24, Louise Freestone and Paul Mallatrat on Opus Restructuring were brought in to oversee the day-to-day running of the firm, whose website is currently unavailable.
Accounts made up to 31 July 2022 show Thermoform owed its creditors just over £2m, and in turn was owed almost £1.7m.
The company employs around 40 people at its base on Airfield Industrial Estate. It has completed work for a host of high-profile brands including Tunnock’s, Farmhouse Biscuits and Kinnerton.