PP Realisations 2025 Limited (05504722): administration
- Status
- Administration ended
- Administration began
- 2025-02-27
- Administrators
- Gordon Thomson, Tom Straw
- Administrators' firm
- RSM
- Formerly
- Playful Promises Limited
- Incorporated
- 2005-07-11
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Sustained trading losses
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s unaudited financial statements and management accounts are summarised below
£000
nding FY21 FY22 FY23 FY24 FY25 Turnover 9,464 9,436 7,941 4,914 1,620 Gross profit 3,491 3,503 2,614 1,944 804 Net profit / 25 (266) (1,569) (1,211) 51 loss
Administrators' statement of proposals (2025-05-15) · Companies House register