# ST Realisations 2019 Limited (03806750)

> Why UK company 03806750 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03806750

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03806750/filing-history/MzIyNjc2NDM1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03806750

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