LSDL Realisations Limited (04111628): administration
- Status
- In administration
- Administration began
- 2023-01-31
- Administrators
- Tom Straw, Jack Plunkett
- Administrators' firm
- RSM
- Formerly
- Light Source Design Limited
- Incorporated
- 2000-11-21
- Location
- London
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company's financial statements and management accounts are summarised below: Year Ended (£’000) 31/03/2019 31/03/2020 =: 31/03/2021 +=. 31/03/2022 = 31/12/2022
Stat. Stat. Stat. Mgmt. Mgmt.
Revenue 27,518 27,119 48,498 56,200 40,879 Gross Profit 5.533 4,258 66,28 5,482 4,941 Earnings before Tax 4,271 2,042 2,693 100 (1,392)
Administrators' statement of proposals (2023-04-04) · Companies House register