PBS SW Ltd (07571332): administration
- Status
- Administration ended
- Administration began
- 2017-10-03
- Incorporated
- 2011-03-21
- Location
- Exeter
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Competition / price pressure
From the administrators' statement
3.1 The company struggled in mid 2016 and in September 2016 a buyer had been found to buy the whole assets and liabilities. However, an agreement could not be reached between the shareholders and the potential buyer.
3.2 | first met the director, Richard Atherton, on 28" September 2017 and advised that the company could not continue to trade as all staff had been made redundant just prior to my involvement.
3.3 It seemed sensible that as a buyer had been found to try and pursue this as a possible outcome (as better than closure and liquidation).
Administrators' statement of proposals (2018-01-03) · Companies House register