XB Realisations Limited (06520821): administration
- Status
- Administration ended
- Administration began
- 2022-07-15
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Xbite Limited
- Incorporated
- 2008-03-03
- Location
- Leeds
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Supply chain disruption
- Sustained trading losses
From the administrators' statement
The Company traded via its own websites which included “Roov”, “Pukkr”, “365games”, “Shop4World” and “Maison & White”, and through third-party online marketplaces. In the financial year ended 30 June 2021 the Company achieved sales of £51.7 million and a net loss of £1.6 million (according to audited accounts).
The Company operated from a leasehold warehouse at Markham Lane, Duckmanton, Chesterfield, S44 5HS (‘Markham Lane’) (where the packing operation was based) and from office premises at Unit 1, Maison Court, Midland Way, Barlborough, Chesterfield $43 4GD (‘Midland Way’).
At the date of our appointment, the Company employed 87 staff.
Administrators' statement of proposals (2022-08-03) · Companies House register