Fri, 27 Jun 2025 | ADMINISTRATION
A computer hardware company based in Nottingham has fallen into administration as a result of debts and a fall in trade. PLM Global was founded in 2014 as a hardware solutions provider and specialised in the supply, repair and maintenance of hand held data capture devices, mobile print and EPoS hardware.
The company provided hardware and applications solutions across a wide range of sectors, including manufacturing, retail, transport and logistics, reportedly working with hundreds of clients. In August 2022, the firm was acquired in a seven-figure management buy-out backed by investment from SME Capital.
In financial accounts for the year ending March 31 2024, the company reported pre-tax profits of more than £160,000. However, this was down sharply from close to £304,000 the year prior.
The company reportedly struggled with an inability to pay its debts, as a result of a decline in trade. Due to this, the company’s director chose to make the firm’s staff redundant and ceased to trade the business.
Gordon Thomson and Damian Webb of RSM UK Restructuring Advisory were subsequently appointed as joint administrators of PLM Global Limited and PLM Global (Holdings) Limited on June 20 2025.
Following their appointment, the joint administrators said that they are "exploring a variety of options in terms of realising the company's assets".
In PLM Global Limited’s accounts for the year to March 31 2024, its fixed assets were valued at approximately £33,000 and current assets at around £1.95 million, with total equity amounting to slightly under £1.4 million.
During the same period, PLM Global (Holdings) Limited’s fixed assets were valued at £2.8 million and total equity at slightly over £774,000.
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