AS Realisations 2021 Limited (01112118): administration
- Status
- Administration ended
- Administration began
- 2021-04-01
- Administrators' firm
- Kroll
- Formerly
- A. Smith GT. Bentley Limited
- Incorporated
- 1973-05-07
- Location
- London
- Industry
- 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company had historically generated revenues by winning contracts to customise coaches that meet bespoke end-customer needs.
As a result of disruption in key customer markets following the global COVID-19 outbreak in Q1 2020, the Company has suffered from a reduction in orders which reduced the Company’s sales from April 2020 Following this, the Company faced short term cash flow difficulties.
Further details can be found at Section 4.
Administrators' statement of proposals (2021-04-15) · Companies House register