PCP (New Forest) Realisations Limited (07901188): administration
- Status
- Administration ended
- Administration began
- 2016-05-17
- Administrators
- Julie Anne Palmer, Francis Gavin Savage
- Administrators' firm
- Begbies Traynor
- Formerly
- Penyards Country Properties (New Forest) Limited
- Incorporated
- 2012-01-09
- Location
- Southampton
- Industry
- 68310 Real estate agencies
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
Penyards was established as a niche market player nearly 35 years ago The Company focused on the sale and rental of distinctive and individual country and period homes
A series of recessions tn the late 80's and early 90's thwarted the ambitions of the then owners and as a consequence there was a need to restructure and refinance This was achieved through various measures including office closures and the sale of the lettings and property management business
Usa Evans (“LE”) and Graham Evans ("GE") joined the Company to develop and grow the business relevant to the post market trading conditions In 2001 LE and GE took over the business At that time the Company had 3 offices, Winchester, Titchfield and Romsey In 2002 the Company added Stockbridge, 2004 Bishops Waltham In 2007 Lyndhurst, 2012 Burley and Brockenhurst Recently Fordingbridge office was added
Administrators' statement of proposals (2016-06-09) · Companies House register