ST Realisations 2019 Limited (03806750): administration
- Status
- Administration ended
- Administration began
- 2019-01-09
- Administrators' firm
- KPMG
- Formerly
- Steamer Trading Limited
- Incorporated
- 1999-07-14
- Location
- London
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Shift to online / high-street decline
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 14 July 1999 as a cookware and homeware retailer trading from 38 stores across the UK and operating from a head office in Lewes. The Company had a turnover of circa £27 million per annum and had 355 employees as at the date of our appointment.
The parent company is Steamer Properties Limited, a holding company, which is owned by Ben Phillips, who is one of the Company's current directors.
2.2. Funding and financial position of the Company
Administrators' statement of proposals (2019-02-12) · Companies House register