# Polestar UK Print Limited (10033127)

> Why UK company 10033127 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10033127

- **Status:** Administration ended
- **Administration began:** 2016-04-25
- **Administrators:** Peter David Dickens, Zelf Hussain
- **Administrators' firm:** PwC
- **Formerly:** Prospect Bidco Limited
- **Incorporated:** 2016-02-29
- **Location:** Leeds

## Why it went into administration

- Credit insurance / supplier credit withdrawn

## From the administrators' statement

Although the majority of customers had been successfully transferred to New PUPL 1n the initial weeks of trading, a number of material customers had delayed formally agreeing to novate During this period, New PUPL’s cash flow had been adverse to that anticipated due to the following reasons

« Suppher ransom payments had been higher than anticipated, « Ahigher level of pro-forma payments than envisaged; and

• Slower debtor payments than initially forecasted.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10033127/filing-history/MzE1MjQwMzIxNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10033127

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