10 Dec 2024: Pelta Medical Papers Limited, a Cumbria-based manufacturer and distributor of sterile barrier paper for the medical sector, fell into administration last week, with Mark Blackman and Benjamin Wiles of Kroll Advisory appointed as joint administrators.
In accounts for the year to December 31 2023, the company reported turnover of £45.4 million, down from £58.1 million a year earlier, while seeing its losses soar from £494,032 to £5.3 million.
At the time, its fixed assets were valued at £6 million and current assets at £17.1 million, with total equity standing at slightly under £4 million.