12345 Realisations Limited (06257952): administration
- Status
- Administration ended
- Administration began
- 2012-10-01
- Administrators
- Phillip Francis Duffy, Benjamin John Wiles
- Administrators' firm
- Kroll
- Formerly
- Envido Limited
- Incorporated
- 2007-05-24
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
From the administrators' statement
During the year ended May 2012, there was a downturn in business which resulted in the Company making a loss of approximately £242,000 on a reported turnover of £3,758,000
compared to a profit of approximately £238,000 in the previous year
According to the Directors, the losses incurred by the Company and the resulting cashflow problems can be attributed to the following
Administrators' statement of proposals (2012-11-28) · Companies House register