# PCP (New Forest) Realisations Limited (07901188)

> Why UK company 07901188 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07901188

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07901188/filing-history/MzE1MDQ1Njg2MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07901188

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