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TGL Realisations 2025 Limited (00998540): administration

Status
In administration
Administration began
2025-12-22
Administrators
Andrew Poxon, Hilary Pascoe, Mike Dillon
Administrators' firm
Leonard Curtis
Formerly
Thurston Group Limited; B T H Industries Limited; B.T.H. Trailers Limited
Incorporated
1970-12-31
Location
Manchester
Industry
25110 Manufacture of metal structures and parts of structures

From the administrators' statement

3.1 Following the completion of a pre-packaged sale of the Group’s business and assets on 22 December 2025 to Hamsard 3821 Limited (CRN: 16636424) and Hamsard 3822 Limited (CRN: 16640239) (together “the Purchaser”), the Joint Administrators prepared and issued a letter to creditors on 24 December 2025 providing further information pursuant to Statement of Insolvency Practice (“SIP”) 16. This letter is attached at Appendix L of this report. Please note that the Purchaser changed its name to Thurston Group Estates 2025 Limited (formerly Hamsard 3821 Limited) and Thurston Group Limited (formerly Hamsard 3822 Limited) on 8 January 2026.

3.2 The Joint Administrators draw your attention to Section 2 of the SIP16 Letter, which provides a full explanation of the events leading up to Administration, the initial introduction and the Joint Administrators’ involvement. For disclosure purposes, Leonard Curtis (“LC”) have acted on previous engagements connected to Demlin LLP, and the directors thereof. We can confirm that these engagements relate to entities unconnected to the Company other than common directors, shareholders and secured creditors. We do not believe that the involvement constitutes a significant personal or professional relationship which would affect our ability to deal with this matter objectively or prevent us from accepting this appointment.

3.3 The Joint Administrators draw your attention to Section 3 of the SIP16 Letter, which provides detailed

Administrators' statement of proposals (2026-02-17) · Companies House register

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TGL Realisations 2025 Limited (00998540)

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