# FWM Realisations Limited (01273590)

> Why UK company 01273590 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01273590

- **Status:** Administration ended
- **Administration began:** 2012-03-06
- **Formerly:** Fenn, Wright and Manson Limited; Icarus Richards London Limited
- **Incorporated:** 1976-08-17
- **Location:** Manchester
- **Industry:** 46420 Wholesale of clothing and footwear

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

21 The Company was tncorporated in 1976 as a retailer and distributer of women’s occasion wear and {ts 100% shareholder is Bedford Acquisition Limited.

2.2 The Company granted fixed and floating charges to Barclays Bank PLC (Barclays) on 9 August 2011 and to Darwin Private Equity | LP (Darwin) on 23 February 2012. The Registrar of Compantes atso indicates that there are charges granted to National Westminster Bank Limited (Natwest) dated 16 January 1980, however, the Joint Administrators have received confirmation from Natwest that these charges have been satisfied

23 In late 2011 the Company began to experience cash flow problems due to the economic downturn and difficult retail trading conditions Significant cash flow pressure built up within the business, with increasing sums becoming overdue to the Company’s key supplters

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01273590/filing-history/MzA1NjE2NDM2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01273590

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.