GR Realisations 2024 Limited (06799848): administration
- Status
- In administration
- Administration began
- 2024-07-15
- Administrators
- James Richard Clark, William James Wright
- Administrators' firm
- Interpath Advisory
- Formerly
- Ginger RAY Limited; Pink Network Ltd
- Incorporated
- 2009-01-23
- Location
- Leeds
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Parent or group failure
From the administrators' statement
The Company (GR) was incorporated on 23 January 2009 and operated as a wholesaler and retailer of party products. It had a B2C and B2B customer base.
GR operated from a leasehold office premises in Weybridge, Surrey. At the date of our appointment, GR had three directors, Gary Panons, Benjamin Spence and James Woolley (the ‘Directors’), and it employed 26 members of staff.
3.2. Funding and financial position of the Company
Administrators' statement of proposals (2024-07-31) · Companies House register