# PPA Deposits 108 Limited (04147050)

> Why UK company 04147050 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04147050

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04147050/filing-history/MzAzODg5NTk0OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04147050

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