FTSL Realisations Limited (06912855): administration
- Status
- Administration ended
- Administration began
- 2024-09-12
- Administrators
- Christopher Robert Pole, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Formerly
- Fablink Tank Systems Limited; Cobco 903 Limited
- Incorporated
- 2009-05-21
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated in May 2009 and specialises in the manufacture of hydraulic and fuel tanks, cabs and chassis
FTSL employs 149 employees and operates from two leasehold properties in County Durham.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2024-10-02) · Companies House register