# SBP Realisations Limited (04584465)

> Why UK company 04584465 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04584465

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04584465/filing-history/MzQ1MDYxNTQ3OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04584465

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