PPG Print Services Limited (10739365): administration
- Status
- Administration ended
- Administration began
- 2019-03-18
- Administrators
- Marco Piacquadio, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-04-25
- Location
- Milton Keynes
- Industry
- 17290 Manufacture of other articles of paper and paperboard n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
PPG Print Limited (“PPG”) was an unconnected company which previously traded from 18 Ordnance Court, Ackworth Road, Hilsea, PO3 5RZ (“the Premises”). Further to a number of ongoing issues which included high staff turnover and poor installations of equipment, PPG began to struggle financially and was subsequently placed into Administration on 02 May 2017.
PPG was placed into Administration on 02 May 2017 with Vivian Bairstow and Gavin Savage of Begbies Traynor being appointed as Administrators (Julie Anne Palmer of Begbies Traynor subsequently replaced Gavin Savage as Administrator on 02 August 2018).
PPG's business and assets were sold as part of the pre-packaged Administration sale to the Company which was incorporated on 25 April 2017 for the purposes of acquiring the business and assets. The lease for the Premises was assigned as part of the sale process and the Company began to trade from the Premises, providing a commercial print service to businesses in the Portsmouth area.
Administrators' statement of proposals (2019-06-04) · Companies House register