SBL Realisations Limited (07763432): administration
- Status
- Administration ended
- Administration began
- 2020-04-29
- Administrators
- Patrick Alexander Lannagan, Conrad Alexander Pearson
- Administrators' firm
- Mazars
- Formerly
- Scott Brothers Limited; Scott Brothers Distribution Limited
- Incorporated
- 2011-09-06
- Location
- Manchester
- Industry
- 46150 Agents involved in the sale of furniture, household goods, hardware and ironmongery
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Supply chain disruption
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated in October 2011, to facilitate the management buy-out (‘MBO’) of the original business, Scott Successors Limited ¢ SSL’ ) (CRN: 00808817) which | had a history going back to the 1950’s. ~
The Company has two distinct areas of business:
• The sale of Household Storage Products which includes coat hangers and vacuum storage bags; and
Administrators' statement of proposals (2020-07-01) · Companies House register