OR Realisations Limited (04087023): administration
- Status
- Administration ended
- Administration began
- 2018-02-05
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- KPMG
- Formerly
- Ormandy Limited
- Incorporated
- 2000-10-05
- Location
- Leeds
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 5 October 2000 as a provider of offsite and heat exchange solutions for the construction, engineering and offshore sectors.
The Company operated from three teasehold locations in West Yorkshire, as well as a sales office in Dubai. It employed 129 members of staff at the date of our appointment, four of whom were based abroad.
2.2. Funding and financial position of the Company
Administrators' statement of proposals (2018-04-10) · Companies House register