PPHL Realisation Ltd (07574981): administration
- Status
- Administration ended
- Administration began
- 2016-03-24
- Administrators
- Matthew Boyd Callaghan, Toby Scott Underwood, David Robert Baxendale
- Administrators' firm
- PwC
- Formerly
- Polestar Print Holdings Ltd; Compass Topco Limited; Compass Bidco Limited
- Incorporated
- 2011-03-23
- Location
- Leeds
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Polestar group of companies was founded nm 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 and employed approximately 1,500 people at twelve production sites and offices across England It comprised of three trading entities, PUPL, PBL and River, and various holding companies
The Company is a non-trading holding company and did not have any employees Its main assets were intercompany debtors
Administrators' statement of proposals (2016-05-09) · Companies House register