SCL Realisations 2021 Ltd (05715686): administration
- Status
- Administration ended
- Administration began
- 2021-06-11
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Formerly
- Sectorlight Limited; Sectorlight Marketing & Design Limited; Blackoak Aviation Limited
- Incorporated
- 2006-02-20
- Location
- Salisbury
- Industry
- 74100 specialised design activities
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- COVID-19
From the administrators' statement
The Company was incorporated on 20 February 2006 and provides integrated strategic design services to blue-chip clients. The three directors are Jerry Llewellyn, Eric Biegelmaier and Jeremy Evans. Jerry Llewellyn is the sole shareholder. The Company trades from a leasehold premises and had twenty employees as at the date of administration.
The reasons for the Company’s insolvency
A pre-packaged sale via administration allowed the insolvent, but potentially profit-making business to escape the burden of historic debts. The insolvent Company was valueless within its present corporate structure given HMRC’s claim of c.£230k. HMRC agreed a time to pay arrangement with the Company.
Administrators' statement of proposals (2021-07-14) · Companies House register