M Realisations 2025 Limited (03619368): administration
- Status
- Administration ended
- Administration began
- 2025-08-21
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Mathewson Limited
- Incorporated
- 1998-08-20
- Location
- Newcastle upon Tyne
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 20 August 1998 and employed nine members of staff as at the date of the Joint Administrators’ appointment. Operating from its head office in Washington, the Company was an installer of underfloor heating systems.
3.2 Funding and financial position of the Company
IGF provided the Company with an invoice discounting facility and benefitted from a fixed and floating charge over the Company's assets. IGF also provided Cenergist with an invoice discounting facility.
Administrators' statement of proposals (2025-09-03) · Companies House register