GNW 2023 Realisations Limited (13905781): administration
- Status
- Administration ended
- Administration began
- 2023-11-17
- Administrators
- Anthony Collier, Simon Farr
- Administrators' firm
- FRP Advisory
- Formerly
- Gardners NW Limited; PFI Bidco1 Limited
- Incorporated
- 2022-02-10
- Location
- Manchester
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Rising costs / inflation
- Cash flow / liquidity pressure
- Competition / price pressure
- Parent or group failure
From the administrators' statement
Gardners was a large format graphic and signage printer, operating across the UK and Europe with a long standing Blue-Chip customer base including national supermarkets, local authorities, media and event venues. The Company operated from a leasehold premises in Cardiff and employed 56 members of staff.
The Company was part of the wider PFI Group, which includes other graphic signage and printing companies across the UK. A full group structure is provided in the main body of the report. Cestrian, also part of the PFI Group entered into Administration on 17 November 2023 with Anthony Collier and Simon Farr being appointed as Joint Administrators, further details on this are provided in the Joint Administrators proposals and report to creditors relating to Cestrian.
Formerly PFI Bidcol Limited, the Company was incorporated on 10 February 2022, with trading commencing in August 2022 when the assets of Morgard Court Ltd (trading as Gardners) were purchased out of Administration by PFI Bidcoi Limited, which is part of the PFI Group.
Administrators' statement of proposals (2023-11-27) · Companies House register