H Online Realisations Limited (08510351): administration
- Status
- Administration ended
- Administration began
- 2019-01-16
- Administrators
- David John Pike, Neil David Gostelow, William James Wright
- Administrators' firm
- KPMG
- Formerly
- HMV Online Limited; HUK 51 Limited
- Incorporated
- 2013-04-30
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Sustained trading losses
From the administrators' statement
HMV was founded in 1921 and sold a range of products including audio books, CDs, DVDs, video games, as well as an increasing range of movie, television and music merchandise.
The HMV business was purchased out of administration on 5 April 2013 by Retail and Ecommerce, both newly incorporated entities, financed by the Hilco Group and later supplemented by PNC in respect of additional working capital facilities. The Company was a special purpose vehicle set up to house the HMV.com editorial content website as part of this transaction. The HMV.com website itself is owned by HMV Brands Limited, which is not subject to insolvency proceedings.
The Company was incorporated on 30 April 2013, changing its name to HMV Online Limited on 10 March 2014. It operated out of Retail and Ecommerce’s head office in London and finance function in Solihull.
Administrators' statement of proposals (2019-03-26) · Companies House register