PPA Deposits 108 Limited (04147050): administration
- Status
- Administration ended
- Administration began
- 2011-06-06
- Administrators' firm
- RSM
- Formerly
- Pyramid Windows (Norwich) Limited
- Incorporated
- 2001-01-24
- Location
- Norwich
- Industry
- 2524
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Competition / price pressure
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was orginally set up in 1994 by Paul and Dale Joyce along with their father, Barry, as a partnership In 2001 it was decided that the partnership was to be incorporated with two directors, Paul and Dale, and four shareholders The shareholders were Paul and Dale and ther wves Clare and Anne In 2003 lan Cowlng joined as sales director and became the fifth shareholder
Over the next few years the business grew on a steady basis generating tumover of up to £35 million with 36 employees However, in 2009 Dale and Anne decided to leave the
Company, requiring a retum of their capital investments
Administrators' statement of proposals (2011-06-15) · Companies House register