Zeta-Pdm Limited (03907548): administration
- Status
- Administration ended
- Administration began
- 2022-06-20
- Administrators' firm
- FRP Advisory
- Incorporated
- 2000-01-17
- Location
- Southampton
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 17 January 2020 and operated in the oil and gas sector specialising in separation processes that allow for the extraction of carbons and reduction of pollution. The Company traded from two units, Unit 2 and Unit 20, Barry Way, Newport, Isle of Wight and employed on average 13 employees, including the current director, Mr Norman Arnold.
The freehold title to Unit 20 is owned by the Company whilst Unit 2 was occupied under a short lease.
The Company’s assets are currently subject to a fixed and floating charge in favour of HSBC Bank Plc, who are owed approximately £183,401. The charge was created on 19 December 2003 and includes legal mortgages over Unit 20, which were created on 30 June 2009 and 20 January 2020.
Administrators' statement of proposals (2022-08-31) · Companies House register