# FL Realisations 2024 Limited (05598005)

> Why UK company 05598005 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05598005

- **Status:** Administration ended
- **Administration began:** 2024-09-12
- **Administrators:** Christopher Robert Pole, Ryan Kevin Grant
- **Administrators' firm:** Interpath Advisory
- **Formerly:** Fablink Limited
- **Incorporated:** 2005-10-20
- **Location:** Birmingham
- **Industry:** 25990 Manufacture of other fabricated metal products n.e.c.

## Why it went into administration

- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency

## From the administrators' statement

As noted above, the Group experienced a number of operational challenges over the last two years which have cumulatively caused challenges to liquidity. Predominantly, this comprises:

= Relocation costs in relation to a new site for FUKL in Wolverhampton which grant funding of up to £5 million under the Government's Innovate UK scheme was expected but not received. As a result, working capital had to be utilised to fund investment in the new facility.

= Abad debt of £1.2 million relating to the insolvency of a customer, Atlas Technologies BV, during 2023.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05598005/filing-history/MzQzNzUyNTg0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05598005

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