SGLB Realisations 2023 Limited (00348043): administration and why it failed

SGLB Realisations 2023 Limited (00348043): administration

Status: Administration ended
Administration began: 2023-12-22
Administrators: Peter David Dickens, Timothy Andrew Higgins, Edward Williams
Administrators' firm: PwC
Formerly: Stanley Gibbons Limited
Incorporated: 1939-01-04
Location: Leeds
Industry: 47791 Retail sale of antiques including antique books in stores

Why it went into administration

COVID-19
Cash flow / liquidity pressure
Parent or group failure
Weak consumer demand

From the administrators' statement

The Stantey Gibbons

Group Pic

Profit & Loss (£000) FY19 FY20 FY21 FY22 FY23 Revenue 11,677 13,175 10,234 12,457 11,093 Cost of sales (5,711) (7,132) (6,044) (7,615) (6,270) Gross Profit 5,966 6,043 4,190 4,842 4,822 Total overheads (8,838) (6,068) _ (5,542) — _(5,659)

Administrators' statement of proposals (2024-01-04) · Companies House register

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