# LDR Realisations 2019 Limited (08489878)

> Why UK company 08489878 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08489878

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08489878/filing-history/MzIzNDAyMjcxNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08489878

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