# TMS Realisations Limited (02671684)

> Why UK company 02671684 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02671684

- **Status:** Administration ended
- **Administration began:** 2011-04-01
- **Administrators' firm:** KPMG
- **Formerly:** Traffic Management Services Limited
- **Incorporated:** 1991-12-16
- **Location:** Nottingham
- **Industry:** 9305

## Why it went into administration

- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Loss-making contracts / project overruns

## From the administrators' statement

The Company was incorporated in 1991 and specialised in contracting traffic management and events management services, operating from a freehold property in Retford, Nottinghamshire

As a result of trading losses in 2009 and 2010, arising predominantly from a loss making contract, the Company began to experience significant cash flow and creditor pressure (including HMRC arrears of approximately £290,000) during the early part of 2011

Despite the Director’s efforts to stabilise the business through an injection of additional cash, this was ultimately not sufficient to meet the considerable funding requirements of the business

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02671684/filing-history/MzAzNzg4NDIwOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02671684

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