Appointment of administrators
PRESSMATIC LIMITED
PRESSMATIC LIMITED has been appointed two joint administrators by the High Court in Newcastle on 10 July 2026.
Notice details
- Company
- PRESSMATIC LIMITED
- Company number
- 01902815
- Previous name of company
- POWPRESS MULTIMATICS LIMITED
- Registered office
- Unit D Franklin Industrial Estate, Patterson Street, Blaydon, NE21 5TL
- Principal trading address
- Unit D, Franklin Park, Patterson Street, Blaydon-on-Tyne, NE21 5TL
- Nature of business
- Fabrication of metal products
- Court
- High Court of Justice Business and Property Court in Newcastle
- Case number
- Company & Insolvency List, No 000084 of 2026
- Date of appointment
- 10 July 2026
- Administrator(s)
- Lynn Marshall (IP No. 9398); Paul Matthew Kings (IP No. 30610)
- Administrator address
- KRE (North) Limited, c/o KRE (North) Limited, 7-8 Delta Bank Road, Gateshead, NE11 9DJ
- Contact
- Lynn Marshall, 0191 4067364, [email protected]
What this notice means
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
Read more: Company Administration Explained.
How does this notice affect you?
Choose what applies and we'll point you at the right next step.
A written-off invoice rarely stops at the company that failed. The supplier left short is often the next business in difficulty — and the earlier that's dealt with, the more options stay open. If PRESSMATIC LIMITED owed you money, it's worth checking where that leaves you.
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from K2. The insolvency practitioner named in this notice should send you a case reference — you'll need it to claim.
K2 has backed and restructured UK businesses since 1990, including buying trade and assets out of distress. These situations move in days rather than months, so if you're looking at PRESSMATIC LIMITED or something similar, start the conversation early.
If your business is under pressure — creditors circling, a petition threatened, or cash running out — acting early changes the outcome. K2 has helped UK directors turn things around since 1990. Talk to us in confidence.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More administration notices
Frequently asked questions
Has PRESSMATIC LIMITED gone into administration?
The London Gazette published a Appointment of administrators for PRESSMATIC LIMITED (company no. 01902815) on 21 July 2026. Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
What does a Appointment of administrators mean?
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
PRESSMATIC LIMITED owes me money — what can I do?
If PRESSMATIC LIMITED owes you money you are a creditor in the process. The insolvency practitioner named in the notice will write to known creditors and invite claims. Unsecured creditors rank after fixed-charge holders, the costs of the insolvency, preferential creditors and floating-charge holders, so recovery depends on what is left in the estate.
I worked for PRESSMATIC LIMITED — how do I claim what I am owed?
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from the company or from K2. The insolvency practitioner named in this notice should give you a case reference to claim with.
Source: The London Gazette and Companies House. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright. This page is provided by K2 Partners for information only and is not legal or financial advice.