K UK Realisations Ltd (02871867): administration
- Status
- Administration ended
- Administration began
- 2024-06-10
- Administrators
- James Alexander Snowdon, Georgina Marie Eason
- Administrators' firm
- MHA
- Formerly
- Kanwal UK Corporation Ltd; GTI Corporation Limited; GTI Development Systems Limited
- Incorporated
- 1993-11-15
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- COVID-19
- Energy costs
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the Directors of the Company, and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 15 November 1993, operating as a manufacturer of rubber components and machine tooling for the automotive and industrial sectors, under the name GTI Corporation Limited, and had historically traded profitably. The Company was purchased by Sutinderpaul Kanwal and Shan Kanwal in September 2019 and changed its name to Kanwal UK Corporation Limited.
The Company traded from its registered office of Portland House, Mayer Way, Houghton Regis, Bedfordshire, LU5 5BF, as well as having a second local facility situated at Unit B1, Townsend Industrial Estate, Houghton Regis, Bedfordshire, LUS 5BL.
Administrators' statement of proposals (2024-08-07) · Companies House register