SBP Realisations Limited (04584465): administration
- Status
- In administration
- Administration began
- 2025-01-03
- Administrators
- Glyn Mummery, Julie Humphrey
- Administrators' firm
- FRP Advisory
- Formerly
- Genuine Solutions Limited
- Incorporated
- 2002-11-07
- Location
- Brentwood
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Brexit
From the administrators' statement
Genuine Solutions Limited (‘The Company” or “GSL”) was incorporated in November 2002 by the former director and was subsequently taken over by the two current directors Gurjit Dhillion and Paul Crossman in 2010 and 2022 respectively, who both hold extensive experience in the mobile technology industry.
The Company's primary assets are fixtures & fittings, plant & machinery, office equipment, stock, a company vehicle, and goodwill/intellectual property.
The Company operates a mobile technology business based in Surrey offering a smarter, safer, more sustainable way of recovering and purchasing smart devices and accessories. The trading premises is occupied by way of a 5-year lease.
Administrators' statement of proposals (2025-01-14) · Companies House register