# SBL Realisations Limited (07763432)

> Why UK company 07763432 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07763432

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07763432/filing-history/MzI2ODIxMjI1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07763432

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.