# RM Realisations 2014 Limited (01637169)

> Why UK company 01637169 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01637169

- **Status:** Administration ended
- **Administration began:** 2014-08-27
- **Administrators' firm:** FRP Advisory
- **Formerly:** Ravenace Metals Limited; Ravenace Limited
- **Incorporated:** 1982-05-21
- **Location:** Birmingham
- **Industry:** 46720 Wholesale of metals and metal ores

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated In 1982 and has since traded successfully as a multi metal stockholder, operating from 18,500 sq ft leasehold premises based in Smethwick in the West Midlands. The Company employed an experience workforce, employing 27 members of staff.

A recent management buyout out was completed by the current directors on 7 July 2014 from the previous shareholder director Mark Hemus. The Company was purchased for a nominal sum.

The Company's working capital Is funded by an Invatce discount facllity through Royal Bank Of Scotland Invoice Finance Limited (*RBSIF”).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01637169/filing-history/MzEwNzc0ODM1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01637169

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