H E Realisations Limited (01758365): administration
- Status
- Administration ended
- Administration began
- 2015-08-07
- Formerly
- Hogg Engineering Limited; Prekeep Limited
- Incorporated
- 1983-10-04
- Location
- Cleckheaton
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
From the administrators' statement
| inttially met with the three Directors of the Company on 31 July 2015 at the instigation of the Company's Managing Director, Mr lain Anderson to discuss the different options available to the Company tn light of the financial difficulties it faced
At this meeting, after considering all the relevant information regarding the Company’s financial position and reviewing all the options it became apparent that the appointment of an Administrator would be the most appropriate route The Company's three Directors were also of the same opinion Consequently Mr | Anderson signed the relevant board minutes and then the Notice of Intention to appoint an Administrator was also signed by Mr | Anderson at a local firm of solicitors on the same day | duly spoke with Mr M Brown, the recoveries manager for RBS Invoice Finance Ltd (‘RBISIF') and provided him with an overview of the Company’s financial position This notice was then served on RBS Invoice Finance Limited of Smith House, PO Box 50, Elmwood Avenue, Feltham, Middlesex, TW13 7QD on 3 August 2015 Mr M Brown of RBSIF verbally consented to my appointment on 5 August 2015 and this was confirmed in writing the following day | was duly appointed Administrator on 7 August 2015 in the High Court of Justice, Chancery Division, Leeds District Registry, Court Case Number 665 of 2015
Under the Administration route a better result would be achieved for creditors as the Company’s goodwill was maintained and the assets of the Company were sold in-situ The Administrator therefore anticipated being able to achieve the purpose of administration by securing a better result for the Company's creditors as a whole than would be likely if the Company were wound up (without first being in administration) Furthermore, the Administrator considered it feasible, after viewing the Company's order book on the engineering side of the business operated from Lawson Street, North
Administrators' statement of proposals (2015-10-07) · Companies House register