R Realisations 2026 Limited (02573819): administration
- Status
- In administration
- Administration began
- 2026-05-26
- Administrators
- Lindsay Kate Hallam, Matthew Boyd Callaghan, Christopher Jon Bennett
- Administrators' firm
- FTI Consulting
- Formerly
- Radley + Co. Limited; The Tula Group of Companies Limited; The Tula Group of Companies PLC
- Incorporated
- 1991-01-15
- Location
- London
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
Prior to Administration, the Company operated as a fashion retailer trading under the Radley brand. It was indirectly owned by Laddie TopCo Limited (together with other companies in the Radley Group).
Following a period of challenging trading conditions, the Group breached the financial covenants under its revolving credit facility (“RCF”’) in January 2026 and began to experience significant liquidity constraints. FT] was appointed in March 2026 to run a sales process for the Group, which explored both a sale of the shares in the Company and a sale of its business and assets.
Some 53 parties were approached during the sale process, however, no party put forward an offer for the Company or its business and assets. With no viable rescue solution for the business in its entirety, an insolvency process became unavoidable, and the Company entered Administration on 26 May 2026.
Administrators' statement of proposals (2026-08-24) · Companies House register