# PIL Realisation Limited (07589208)

> Why UK company 07589208 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07589208

- **Status:** Administration ended
- **Administration began:** 2016-03-24
- **Administrators:** Matthew Boyd Callaghan, Toby Scott Underwood, David Robert Baxendale
- **Administrators' firm:** PwC
- **Formerly:** Polestar Investments Limited; Compass Acquisitionco Limited
- **Incorporated:** 2011-04-04
- **Location:** Leeds
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

The Polestar group of companies was founded in 1998 from a merger of British Printmg 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 compmised of three trading entities, PUPL, PBL and River and various holding companies.

The Company is a non-trading holdmg company which had no employees Its main assets were various items of intellectual property.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07589208/filing-history/MzE0ODAwNjk1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07589208

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