RR Realisations 2025 (04699771): administration
- Status
- Administration ended
- Administration began
- 2024-06-21
- Administrators' firm
- Opus Restructuring
- Formerly
- Ransfords
- Incorporated
- 2003-03-17
- Location
- Milton Keynes
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company turnover for year ended 31 March 2023 detailed Company turnover of £106,100 with a trading loss of £15,417 attributable to the costs of raw materials and consumables (£82,204) and other charges (£40,406).
At this time Mark Ransford had introduced working capital to the Company totalling £101,946 and had made further payments totalling £60,314 between April 2023 and March 2024.
As detailed above, due to the withholding of funds in respect of JMR, the ongoing dispute between the board and the winding up petition the Company experienced severe cash flow issues which led to it not being able to pay its debts as and when they fell due.
Administrators' statement of proposals (2024-09-21) · Companies House register