# Premier Coated Panels Limited (07234434)

> Why UK company 07234434 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07234434

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07234434/filing-history/MzEwNzY0MDA3OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07234434

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