Robert Macgillivray Panel Products Limited (01499078): administration
- Status
- In administration
- Administration began
- 2026-01-19
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Formerly
- Olvera Limited; Olvera Limited
- Incorporated
- 1980-05-29
- Location
- Sale
- Industry
- 16100 Sawmilling and planing of wood
Why it went into administration
- Regulatory change or action
From the administrators' statement
KBL met with Robert Macgillivray, the Director of the Company, on 16 December 2025 to discuss the financial position and the insolvency options availale to the Company. The options that were considered between the Director and KBL Advisory Limited are explained in details in the SIP 16 statement which can be found at Appendix IV. However, in summary at the meeting it was concluded that Administration was the most suitable insolvency procedure for the Company as it would best allow for the possibility of selling the business as a going concern.
A pre-pack administration was considered to be the appropriate course of action with the transfer of the 22 employees and to avoid break in supply of goods and services, which would enable a value to be achieved for goodwill and ensure a more effective debt collection process. Following discussion with the Director and the options available, the strategy to place the Company into Administration was agreed.
The Director filed a Notice of Intention to Appoint Administrators on 18 December 2025 in order to obtain the statutory moratorium to protect the Company from creditor action whilst a period of marketing was undertaken and matters relating to the appointment were considered. A second notice was subsequently required to be filed on 6 January 2026 as the marketing of the opportunity was extended until 12 January 2026. As with initial notice, a copy of the Intention to Appoint Administrators was served 3.4
Administrators' statement of proposals (2026-03-23) · Companies House register