Petroplus Refining Teesside Limited (00814156): administration
- Status
- Administration ended
- Administration began
- 2012-01-24
- Administrators' firm
- PwC
- Formerly
- Phillips-Imperial Petroleum Limited
- Incorporated
- 1964-07-30
- Location
- Leeds
- Industry
- 5151
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company is a subsidiary of Petroplus Refining & Marketing Limited (“PRML”) Its ultimate holding company 1s Petroplus Holdings AG (“PHAG”), a company which 1s listed on the Swiss Stock Exchange (“SIX”)
In 2000, the Company acquired the refinery business of Philips Imperial Petroleum Limited at Seal Sands, Teesside It operated from an administrative site in Stockton on Tees and the former refinery at Seal Sands, which now serves as a petrochemical storage and distribution facility for refined petroleum products from Petroplus Marketing AG (“PMAG”) and third parties, employing 64 people as at 24 January 2012
Funding and operational position of the Company
Administrators' statement of proposals (2012-04-10) · Companies House register