SMF Realisations Limited (04064821): administration
- Status
- Administration ended
- Administration began
- 2019-06-07
- Administrators' firm
- BDO
- Formerly
- Smartfocus UK Ltd; Email Reaction Limited; Highergiant Limited
- Incorporated
- 2000-09-05
- Location
- Liverpool
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Property / lease costs
From the administrators' statement
A detailed background of the events leading to the administrations of the Companies is included at Appendix IX. However, for ease of reference, a summary of the position is as follows:
Mr Allan and Mr Gunn (“the Directors”) were appointed in November 2016 and January 2017 respectively, to undertake a turnaround of the business focussing on cost reduction, improved Management functions, corporate simplification, working capital efficiency and client growth/service.
The management team's focus was to strengthen and improve the sales and marketing function to grow turnover and to drive the Companies to profitability. This would have required further equity finance, a position that the incumbent shareholders were not able to
Administrators' statement of proposals (2019-08-09) · Companies House register