OB Realisations 2021 Limited (07486862): administration and why it failed

OB Realisations 2021 Limited (07486862): administration

Status: Administration ended
Administration began: 2021-09-24
Administrators: James Miller, Gareth Harris
Administrators' firm: RSM
Formerly: Origin Broadband Ltd
Incorporated: 2011-01-10
Location: Leeds
Industry: 61900 Other telecommunications activities

Why it went into administration

Funding withdrawn / unable to refinance
Bad debts / customer insolvency
Over-expansion / investment not recovered
Sustained trading losses
Competition / price pressure

From the administrators' statement

Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.

£'000

Period ending

Administrators' statement of proposals (2021-10-06) · Companies House register

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OB Realisations 2021 Limited (07486862): administration

Why it went into administration

From the administrators' statement

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OB Realisations 2021 Limited (07486862)