Premier Coated Panels Limited (07234434): administration
- Status
- Administration ended
- Administration began
- 2014-07-21
- Administrators
- William John Kelly, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Formerly
- ITS Metal (UK) Limited
- Incorporated
- 2010-04-26
- Location
- Birmingham
- Industry
- 68201 Renting and operating of Housing Association real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The following statement has been provided by the directors
Premier Coated Panels Limited (“PCP”) (“the Company”) was incorporated in April 2010, specialising in timber painting and coating predominately for the high quality kitchen and bathroom panel market and for shop fittng The director and shareholder is Terence Mander who runs the business day to day with the assistance of various family members
Mr Mander decided to diversify from the vehicle body repair business of associated company Bizzi Bodies (Warwick) Limited ("BBW") using skills developed in the area of specialised painting over the years By investing heavily in state of the art painting machinery he hoped to create a uniquely placed business in the UK capable of competing in a market dominated by European competitors
Administrators' statement of proposals (2014-09-17) · Companies House register