# DEL Realisations Limited (04067603)

> Why UK company 04067603 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04067603

- **Status:** Administration ended
- **Administration began:** 2011-07-26
- **Administrators' firm:** Deloitte
- **Formerly:** Devlin Electronics Limited; Gateseeker Limited
- **Incorporated:** 2000-09-07
- **Location:** Reading
- **Industry:** 7260

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

The Company had been experiencing trading losses since December 2010 The Shareholding Directors were unable to advance further funds to the Company and support was sought from the Bank The Bank requested that an independent solvency review be carried out by Deloitte Prior to the commencement of the review Deloitte requested that the Directors review their short term cash flow forecast On review of the short term cash flow forecast, the Directors identified that the Company could not operate within its facilities and that to continue to trade would be likely to worsen the position for creditors The Directors were also informed that the Bank would not advance further facilites The Directors were unable to secure any further investment from third parties As a result of the foregoing the Directors requested that Robin Allen and Richard Hawes of Deloitte be appointed as Joint Administrators of the Company as soon as possible

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04067603/filing-history/MzA0MzUzNTY1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04067603

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