LDR Realisations 2019 Limited (08489878): administration
- Status
- Administration ended
- Administration began
- 2019-03-25
- Administrators' firm
- KPMG
- Formerly
- Labrador Ltd; Databarta Ltd; APP & E Ltd
- Incorporated
- 2013-04-16
- Location
- London
- Industry
- 63110 Data processing, hosting and related activities
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was established in April 2013 and traded as a free-to-use domestic energy switching business that monitors the UK energy market and, when a better deal is found, customers are automatically switched.
The Company, being a leader in the energy switching service, raised funds of approximately £3
million and developed a sophisticated propriety technology platform, which provided users with a quick hassle-free, sign up journey.
Administrators' statement of proposals (2019-05-09) · Companies House register