11D Realisations Limited (08829279): administration
- Status
- Administration ended
- Administration began
- 2023-02-09
- Administrators
- Christopher Ratten, Lindsey J Cooper
- Administrators' firm
- RSM
- Formerly
- 11 Degrees Limited
- Incorporated
- 2014-01-02
- Location
- Manchester
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Sustained trading losses
- COVID-19
- Supply chain disruption
- Creditor pressure / legal action
- Brexit
- Funding withdrawn / unable to refinance
- Property / lease costs
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Companies’ financial statements and management accounts are summarised below.
10 February 2023 CXR/LIC/ALB4/GVD/ECR/DX W/SD/1 142206/ADMP0790v 140222
11 Degrees £000 FY21 FY22 Period ended Period Statutory Management 31 December Accounts Accounts 2022 Turnover 9,950 9,783 5,035 Gross profit 1,795 1,862 1,042 Net profit / (635) (661) (98) (loss) Dividend paid Nil Nil Nil NNW £'000 Period FY217 Statutory Accounts Turnover - Gross profit - Income from group 230 undertakings Dividend paid (230)
Administrators' statement of proposals (2023-03-14) · Companies House register