TLS Realisations Ltd (07345642): administration
- Status
- In administration
- Administration began
- 2026-04-20
- Administrators
- Andrew Watling, Michael Ian Field
- Administrators' firm
- Opus Restructuring
- Formerly
- The LED Studio Ltd
- Incorporated
- 2010-08-13
- Location
- Fareham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
From the administrators' statement
In late 2025, facing fluctuations in cash flow, the Company approached Abcor to obtain a credit facility of an initial £750,000 with a future scope for a credit facility of £1 million. In providing this credit facility, Abcor also obtained a fixed and floating charge over the assets of the Company, which was created on 25 November 2025.
Subsequent charges were registered against the assets of the Company in favour of Innovation Finance Ltd, and Handelsbanken PLC on 4 December 2025 and 2 February 2026 respectively.
In early 2026 the Company faced further issues in regards to cashflow stemming from general trading losses, investments and repayments in respect of third party purchase ledger balances. The Company was owed c.£4m from the US entity in respect of goods ordered on their behalf, the US entity had ceased to trade rendering this debt unrealisable. These cashflow issues were also combined with supply-side issues due to suppliers refusing to release goods that would enable income for the Company due to large balances being owed.
Administrators' statement of proposals (2026-06-25) · Companies House register