P.W.Greenhalgh & Co.Limited (00199153): administration
- Status
- Administration ended
- Administration began
- 2018-01-25
- Administrators' firm
- BDO
- Incorporated
- 1924-07-08
- Location
- Liverpool
- Industry
- 13300 Finishing of textiles
Why it went into administration
- Pension deficit
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1924 and its principal activities included manufacturing of blackout coatings and linings, finishing and dyeing, garment interlining and fusible coatings.
The Company employed 81 staff and traded from a 171,000 square foot manufacturing facility located at Newhey Bleach Works, Newhey, Rochdale, Lancashire, OL16 3TH. The site is owned by P.W. Greenhalgh Holdings Limited (‘Holdings’). The lease between the Company and Holdings expired in 2013. Holdings owns 100% of the ordinary share capital of the Company.
The current registered directors of the Company are Andrew Benjamin Greenhalgh (appointed: 1 October 1998) and Simon Ross Greenhalgh (appointed: 1 October 1998) (‘the Directors’). The Directors took over the management of the Company from their fathers, Michael Greenhalgh and Peter Greenhalgh respectively when they retired in March 2007.
Administrators' statement of proposals (2018-03-23) · Companies House register