Petroplus Refining & Marketing Limited (04107875): administration
- Status
- Administration ended
- Administration began
- 2012-01-24
- Administrators' firm
- PwC
- Formerly
- Petroplus United Kingdom Limited; Petroplus Refining Teesside Limited; Callwell Limited
- Incorporated
- 2000-11-15
- Location
- Leeds
- Industry
- 19201 Mineral oil refining
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Prior to our appointment it was apparent that there was a high probability that the refinery would cease operations and face a total closure withm a matter of days. We have mitigated that immediate threat.
Our strategy was designed to maximise the pertod of operation whilst all credible options are explored We consider that there are four possible outcomes for the refinery, as set out below
• Restructuring of the Company,
Administrators' statement of proposals (2012-03-07) · Companies House register