WR Realisations (2018) Limited (06880288): administration
- Status
- Administration ended
- Administration began
- 2018-04-06
- Administrators
- David Robert Baxendale, Mark James Tobias Banfield
- Administrators' firm
- PwC
- Formerly
- Wine Rack Ltd; L. C. L. Enterprises Ltd
- Incorporated
- 2009-04-17
- Location
- Leeds
- Industry
- 47250 Retail sale of beverages in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Group was the UR’s largest independent drinks distribution business. This included being the UK’s leading independent On Trade distributor and the UX’s largest franchised off-licence and convenience store chain.
The Group had grown through a series of strategic acquisitions with revenues of £1.6bn in the financial year ended April 2017. Appendix A gives an overview of the Group’s recent history.
The Group operated as two distinct businesses:
Administrators' statement of proposals (2018-04-29) · Companies House register