DP Realisations (2021) Limited (03717812): administration
- Status
- Administration ended
- Administration began
- 2021-01-25
- Administrators' firm
- FRP Advisory
- Formerly
- Digital Post Limited
- Incorporated
- 1999-02-23
- Location
- London
- Industry
- 59120 Motion picture, video and television programme post-production activities
From the administrators' statement
The Group engaged FRP to undertake an accelerated marketing process for the Group’s business and assets on 15 September 2020, due to the Group’s financial position. Prior to this FRP had been introduced to the Group by Santander in March 2019 to undertake an Independent Business Review. Further information regarding this prior engagement is included in Appendix C.
Following their engagement, FRP undertook a comprehensive sale process to identify potential purchasers for the Companies’ business and implemented a marketing campaign via a confidential information sharing platform, to enable interested parties to undertake due diligence.
The accelerated marketing process concluded on 13 November 2020, at which point an offer for the Companies’ business and assets was accepted, subject to contract, with the view to completing the transaction via pre-packaged administration sales.
Administrators' statement of proposals (2021-02-15) · Companies House register