CD Realisations Limited (04133016): administration
- Status
- Administration ended
- Administration began
- 2023-12-28
- Administrators
- Stephen John Absolom, James Richard Clark
- Administrators' firm
- Interpath Advisory
- Formerly
- Communisis Digital Limited; Kieon Limited; D Consulting Limited
- Incorporated
- 2000-12-29
- Location
- Leeds
- Industry
- 62012 Business and domestic software development
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Communisis Group is made up of two main divisions: Customer Experience (‘CE’) and Brand Deployment (‘BD’). The Group also includes two much smaller divisions, named Agencies and Editions, and these divisions sit in numerous subsidiaries outside of the Company.
The Group provided direct mail and digital transactional communications, procurement services and marketing execution to customers across the fast moving consumer goods, retail and regulated markets.
In its management accounts for 2021, the Group recorded turnover of approximately £255 million, with CE generating approximately £122 million, and BD, Agencies and Editions generating the balance of approximately £133 million. The Company generated turnover of £2.6 million in 2021, which was split across the CE and BD parts of the Group.
Administrators' statement of proposals (2024-01-25) · Companies House register