PLM Global (Holdings) Limited (14162033): administration
- Status
- Administration ended
- Administration began
- 2025-06-20
- Administrators
- Gordon Thomson, Damian Webb
- Administrators' firm
- RSM
- Incorporated
- 2022-06-09
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
PLM Global Holdings Limited (‘the Company”) was incorporated on 9 June 2022 as a nontrading holding company to facilitate the management buy-out (‘MBO’) of PLM Global Limited (‘Global’) in July 2022. The Company acquired 100% of the issued share capital of Global.
Following the MBO, Global remained the sole trading entity. As set out in its proposals, Global experienced a decline in financial performance after the MBO, leading to cashflow pressures and an inability to meet its debts as they fall due.
The insolvency of Global directly impacted the Company’s ability to meet its own obligations, and on 20 June 2025 Gordon Thomson and Damian Webb of RSM UK Restructuring Advisory LLP were appointed Joint Administrators of both companies.
Administrators' statement of proposals (2025-08-21) · Companies House register