PHL (Oldco) 2019 Limited (09702311): administration
- Status
- Administration ended
- Administration began
- 2019-04-10
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- Pyser Holdings Ltd
- Incorporated
- 2015-07-24
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Statutory information on each of the Companies and a summary of their financial histories are included at Appendix 1
Optics is a specialist British design and manufacturing company, with heritage and history dating back to 1848.
Optics comprises of two trading divisions, being Defence & Security and Broadcast. Previously, Optics operated a third division, Graticules, which was sold on 12 February 2019 to GOL. The Graticules division’s business was applying chemical etchings and micropatterns to glass, film and metal foil products.
Administrators' statement of proposals (2019-06-15) · Companies House register