Pupl Realisation Ltd (05674948): administration
- Status
- Administration ended
- Administration began
- 2016-03-24
- Administrators
- Matthew Boyd Callaghan, Toby Scott Underwood, David Robert Baxendale
- Administrators' firm
- PwC
- Formerly
- Polestar UK Print Limited
- Incorporated
- 2006-01-13
- Location
- Leeds
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Parent or group failure
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Polestar group of companies was founded tn 1998 from a merger of British Printing Communication Corporation and Watmoughs The Group was Europe’s largest independent printing organisation, and provided a range of physical printing and associated services to newspapers, magazines, catalogues and direct mail businesses
The Group had a turnover of circa £200m of which PUPL makes up circa £150m, It employed approximately 1,500 people at twelve production sites and offices across England, of which in excess of 1,000 people were employed by this Company (PUPL Realisation Limited)
The Company was one of the Group’s three trading entities along with PBL and River. The Group also comprised of various holding companies
Administrators' statement of proposals (2016-05-06) · Companies House register