# PPHL Realisation Ltd (07574981)

> Why UK company 07574981 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07574981

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07574981/filing-history/MzE0ODA5NzQ4NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07574981

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