CDBL Realisation Ltd (09092128): administration
- Status
- Administration ended
- Administration began
- 2016-03-24
- Administrators
- Matthew Boyd Callaghan, Toby Scott Underwood, David Robert Baxendale
- Administrators' firm
- PwC
- Formerly
- Compass Delta Bidco Limited
- Incorporated
- 2014-06-18
- Location
- Leeds
- Industry
- 64209 Activities of other holding companies 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 compantes was founded 1n 1998 from a merger of British Prmting 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 comprised of three trading entities, PUPL, PBL and River and various holding companies
The Company is a non-trading holdmg company with no employees. Its only asset were shares in The River Group Limited which in turn holds the shares in River.
Administrators' statement of proposals (2016-05-06) · Companies House register