PBL Realisation Ltd (08298783): administration
- Status
- Administration ended
- Administration began
- 2016-03-24
- Administrators
- Matthew Boyd Callaghan, Toby Scott Underwood, David Robert Baxendale
- Administrators' firm
- PwC
- Formerly
- Polestar Bicester Limited; Pynes Bidco Limited
- Incorporated
- 2012-11-19
- Location
- Leeds
- Industry
- 18129 Printing n.e.c.
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 1n 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 of which PBL makes up circa £50m. It employed approximately 1,500 people at twelve production sites and offices across England, of which around 300 people were employed by this Company (PBL Realisation Limited)
Administrators' statement of proposals (2016-05-06) · Companies House register