# Tgel Realisations 2025 Limited (03591730)

> Why UK company 03591730 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03591730

- **Status:** In administration
- **Administration began:** 2025-12-22
- **Administrators:** Andrew Poxon, Hilary Pascoe, Mike Dillon
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Thurston Group Estates Limited; Thurston Holdings Limited; Vibrant Search Limited
- **Incorporated:** 1998-07-02
- **Location:** Manchester
- **Industry:** 64209 Activities of other holding companies n.e.c.

## From the administrators' statement

Following the completion of a pre-packaged sale of the Group’s business and assets on 22 December 2025 to Hamsard 3821 Limited (CRN: 16636424) and Hamsard 3822 Limited (CRN: 16640239) (together “the Purchaser’), the Joint Administrators prepared and issued a letter to creditors on 24 December 2025 providing further information pursuant to Statement of Insolvency Practice (“SIP”) 16. This letter is attached at Appendix L of this report. Please note that the Purchaser changed its name to Thurston Group Estates 2025 Limited (formerly Hamsard 3821 Limited) and Thurston Group Limited (formerly Hamsard 3822 Limited) on 8 January 2026.

The Joint Administrators draw your attention to Section 2 of the SIP16 Letter, which provides a full explanation of the events leading up to Administration, the initial introduction and the Joint Administrators’ involvement. For disclosure purposes, Leonard Curtis (“LC”) have acted on previous engagements connected to Demlin LLP, and the directors thereof. We can confirm that these engagements relate to entities unconnected to the Group other than common directors, shareholders and secured creditors. We do not believe that the involvement constitutes a significant personal or professional relationship which would affect our ability to deal with this matter objectively or prevent us from accepting this appointment.

The Joint Administrators draw your attention to Section 3 of the SIP16 Letter, which provides detailed

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03591730/filing-history/MzUwMjY0MzM2MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03591730

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