# PYM Realisations Limited (02561220)

> Why UK company 02561220 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02561220

- **Status:** Administration ended
- **Administration began:** 2011-08-31
- **Administrators:** Matthew Ingram, Jason James Godefroy
- **Administrators' firm:** Kroll
- **Formerly:** Pyramid Products Limited; Pyramid Plastics Moulders Limited; Statuslogic Limited
- **Incorporated:** 1990-11-22
- **Location:** London
- **Industry:** 5147

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

21 Statutory information on the Companies and summaries of their financial positions are included at Appendix 1 Novo

22 Novo was incorporated in July 2008 by the Directors with the intention of facilitating a BIMBO of Pyramid with the assistance of certain of Pyramid’s management team at the time The business of Pyramid is mentioned further below

23 On 8 September 2008, Novo acquired 80% of the issued share capital of Pyramid for consideration of £3,800,000 in cash and £500,000 in loan notes according to Novo’s statutory financial accounts. This was funded by long-term borrowings and working-capital financing from the Secured creditors

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02561220/filing-history/MzA0NTcxMTc0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02561220

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.