# HL Realisations (2023) Limited (05146061)

> Why UK company 05146061 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05146061

- **Status:** Administration ended
- **Administration began:** 2023-03-31
- **Administrators:** Lucinda Clare Coleman, Stephen James Hobson
- **Administrators' firm:** PKF
- **Formerly:** Helastel Limited
- **Incorporated:** 2004-06-04
- **Location:** Exeter
- **Industry:** 62090 Other information technology service activities

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

The following section is a history and background to the Company prepared by its directors in February 2023 for inclusion in a proposal to creditors for a Company Voluntary Arrangement (CVA):

Helastel Limited (‘the Company”) is a Bristol based design-led software developer and IT consultancy firm with more than 18 years’ experience providing solutions to complex IT problems. It offers services to organisations across the public sector, charity, medical, finance, manufacturing, and professional services sectors.

The Company was founded in 2004 by louri Prokhorov, who has a background in computer science. louri had already built, and sold, two successful software businesses before starting Helastel. He was quickly joined by lan Guerit, an outstanding software engineer, as Technical Director.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05146061/filing-history/MzM3Njk5ODUxN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05146061

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