# HJL Realisations 2024 Limited (02068913)

> Why UK company 02068913 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02068913

- **Status:** Administration ended
- **Administration began:** 2024-02-23
- **Administrators:** Christopher Robert Pole, Ryan Kevin Grant
- **Administrators' firm:** Interpath Advisory
- **Formerly:** Harvey Jones Limited; Pinkerton Marketing Limited
- **Incorporated:** 1986-10-30
- **Location:** Birmingham
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## Why it went into administration

- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance

## From the administrators' statement

During late FY22, early FY23 it was noted by management that the order book was unreliable due to the high level of cancellations and delays significantly impacting the liquidity and cashflow of the Group. This coupled with a fall in revenue in FY22, compared to FY21, resulted a significant liquidity strain on the business.

Commercial measures were implemented by management to improve cash flow and stabilise the order book, including increasing the customer deposit structure in line with industry standards, reducing overheads and manufacturing costs.

However, despite the measures taken, due to a decline in customer demand the Group generated a EBITDA loss of £3.8 million in the FY23 management accounts.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02068913/filing-history/MzQxMzc2NjQ2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02068913

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