JG Residual GMBH (FC043434): administration
- Status
- In administration
- Administration began
- 2026-09-21
- Administrators
- Benjamin Dymant, Ian Colin Wormleighton
- Administrators' firm
- Deloitte
- Formerly
- Josef Gartner GMBH
- Incorporated
- 2026-05-15
- Location
- Gundelfingen A.D. Donau
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company is a German incorporated fagade design, engineering and manufacturing business within the Permasteelisa Group (“the Group”). The Company operates as both subcontractor to the Group and directly with third-party customers in international projects.
The Company is 90% owned by Permasteelisa S.p.A with the remaining 10% owned by ACR Ill Construction Holdings B.V. Both of which are entities in the Group.
The Company’s operations are highly integrated with the wider Group, both operationally and commercially. In particular, approximately 70% of its operating turnover was generated from intragroup contracts, with the Company also reliant on wider Group infrastructure and support. This interdependency was an important factor in the options available to the Company when its financial position deteriorated.
Administrators' statement of proposals (2026-10-09) · Companies House register