# TFP Realisations PLC (08566601)

> Why UK company 08566601 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08566601

- **Status:** Administration ended
- **Administration began:** 2020-08-06
- **Administrators:** David James Kelly, Mark James Tobias Banfield, Edward John Macnamara
- **Administrators' firm:** PwC
- **Formerly:** Travelex Financing PLC
- **Incorporated:** 2013-06-12
- **Location:** Leeds
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses
- Cyber attack / IT failure
- Property / lease costs

## From the administrators' statement

We've enclosed at Appendix C the information required to be provided to you by SIP16. Some of that information is

. repeated below where beneficial or necessary to do so for the purposes of these proposals. . Please note that the Group and its restructuring transaction are large and complex and therefore we have focussed our report on the | matters likely to be of most significance, relevance and interest for creditors.

Background to the. Travelex Group

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08566601/filing-history/MzI3NzMyNDE0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08566601

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