# PBL Realisation Ltd (08298783)

> Why UK company 08298783 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08298783

- **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)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08298783/filing-history/MzE0Nzk2NzI1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08298783

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