Risk Analysis: PL REALISATIONS 2011 LIMITED (06474521)

1. Risk Rating: HIGH (Maximum)

This company represents the insolvency remnant of the former Pontin's holiday camp operator. The "Realisations" naming convention is standard practice in UK insolvency proceedings, indicating the entity exists solely to realise (liquidate) remaining assets for distribution to creditors. The company is dissolved and has not traded for over a decade. Any investment consideration would be entirely speculative and inadvisable.

2. Key Concerns

i) Insolvency and Dissolution The company is confirmed as dissolved. The name change from "PONTIN'S LIMITED" to "PL REALISATIONS 2011 LIMITED" on 15 March 2011 coincides with Pontin's entering administration in November 2010. The registered address at KPMG LLP—a major insolvency practitioner—confirms formal insolvency proceedings. This entity has no ongoing concern value.

ii) No Meaningful Financial Data Last accounts date to 26 December 2008—over 15 years old. No financial statements are available for any period during or after the insolvency event. Share capital stands at merely £1, indicating the company was stripped of operational capital.

iii) Complete Cessation of Trade Pontin's as a trading entity ceased under this corporate structure in 2010-2011. The brand and remaining camps were sold to different buyers. This shell has no operations, employees, revenue, or business activity.

3. Positive Indicators

None material. The only procedural positive is that the insolvency process appears to have been handled through legitimate channels (KPMG as administrator/liquidator), suggesting regulatory compliance in the winding-up. Accounts are not marked as overdue, which is consistent with a company in formal insolvency where filing obligations are managed by the insolvency practitioner.

4. Due Diligence Notes

• Verify creditor recovery: Investigate whether creditors of the original Pontin's Limited received any distribution from the realisations process and the percentage recovered.
• Subsidiary liabilities: Determine whether this entity had outstanding guarantees or contingent liabilities related to other group companies at the time of insolvency.
• Director disqualification proceedings: Cross-reference the listed directors (including Graham Thomas PARR, John PARR, and Ian Ashley SMITH) against Insolvency Service records for any disqualification orders arising from the Pontin's collapse.
• Dissolution date anomaly: The stated dissolution date of 28 July 2026 appears to be a future date, which warrants clarification—this may indicate a pending administrative action or data error.
• Related entities: Investigate whether the Pontin's brand or assets were transferred to connected parties at undervalue prior to administration, which could indicate preferential or transaction-at-undervalue risks.