PFS Realisations Limited (06592582): administration
- Status
- Administration ended
- Administration began
- 2019-12-24
- Administrators
- John Anthony Lowe, Yasmin Bhikha
- Administrators' firm
- FRP Advisory
- Formerly
- PRO Freight Solutions Ltd
- Incorporated
- 2008-05-14
- Location
- Nottingham
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 2008 following the purchase of a business from an insolvency process, The Company worked with a national
storage company offering their corporate clients reliable transportation services,
During 2010 an opportunity to offer storage facilities was identified and a 70,000 sq/ft unit was taken on,
Administrators' statement of proposals (2020-01-28) · Companies House register