Prime Fulfilment Limited (10600839): administration
- Status
- Administration ended
- Administration began
- 2019-05-08
- Administrators' firm
- Partnership Invoice Finance
- Formerly
- Nextprime Limited
- Incorporated
- 2017-02-03
- Location
- Milton Keynes
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
in addition, PIFL had a number of concerns on the ledger and contacted PCR for advice.
Julie Swan and | attended an initial meeting with lan Kidner, a member of the senior management team, and Phil Padgham of PIFL on 30 April 2019 to determine the position of the Company and to assess its financial status.
It was apparent that lan Kidner and Andrew Butler had iost confidence in the FA and his ability to achieve a turnaround of the business and in light of the current debt burden which was fully assess in the days following the meeting, a continuation of trading without the protection of administration was unlikely to be successful.
Administrators' statement of proposals (2019-07-30) · Companies House register