BCL Realisations 2026 Limited (01353688): administration
- Status
- In administration
- Administration began
- 2026-01-06
- Administrators
- Samuel James Woodward, Dan Edkins
- Administrators' firm
- EY
- Formerly
- Batt Cables Limited; Batt Cables Public Limited Company; Batt Electrical Company
- Incorporated
- 1978-02-17
- Location
- Manchester
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Following its acquisition by Chiltern in September 2023 the Group began planning for and implementing a transformation plan aimed at driving operational and sales improvements.
Key aspects of the transformation plan were (i) developing and professionalising a series of key internal processes and IT systems, (ii) opening a new central distribution centre in Doncaster, and (iii) generally re-aligning the Group’s operational footprint by exiting certain aged premises and replacing them with newer facilities.
The transformation plan required significant costs to be incurred over an extended period of time. We understand this plan was envisaged to be part funded via a series of sale and leaseback transactions in relation to freehold property owned by BCL at the time of the Chiltern acquisition, as well as forecast cash generation from normal trading.
Administrators' statement of proposals (2026-03-06) · Companies House register