BL Realisations 2016 Limited (01372935): administration
- Status
- Administration ended
- Administration began
- 2016-05-27
- Administrators
- Andrew J Cordon, Richard Albert Brock Saville
- Administrators' firm
- CFS Restructuring
- Formerly
- Buckley Lamb Limited
- Incorporated
- 1978-06-12
- Location
- Nottingham
- Industry
- 13990 Manufacture of other textiles n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The company was established in 1978 and traded as a manufacturer of specialist working apparel from leasehold premises tn Sutton-in Ashfield, employing 32 full time staff
The Company’s failure stems primarily, the director feels, from the recent reduction in turnover created by the NHS cutting back on spending, which in turn has caused a number of the Company’s customers to reduce demand. This has been compounded by the fact that the months of January and February are, traditionally, the two quietest months of the trading year for the Company
The reasons for the Company’s insolvency
Administrators' statement of proposals (2016-07-05) · Companies House register