# PP Realisations 2025 Limited (05504722)

> Why UK company 05504722 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05504722

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05504722/filing-history/MzQ2NTYzNzU1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05504722

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