LWR Realisations Limited (09619451): administration
- Status
- Administration ended
- Administration began
- 2025-11-06
- Administrators
- Paul Adam Weber, David Rubin
- Administrators' firm
- Begbies Traynor
- Formerly
- Luxury Watch Repairs Limited
- Incorporated
- 2015-06-02
- Location
- London
- Industry
- 95250 Repair of watches, clocks and jewellery
Why it went into administration
- Sustained trading losses
- COVID-19
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Property / lease costs
- Parent or group failure
From the administrators' statement
Our proposals for achieving the purpose of the administration which will be sent to creditors as soon as practicable will provide detailed information in relation to the Company. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was founded in 2015 as a luxury watch repairer, with a £4,000 investment from the Director, Oliver Pollock who personally designed and built the Company’s first website. Mr Pollock had originally started work in the fashion business after university. He became interested in buying and selling watches as he saw a gap in the market which led to him opening the Company.
The business began by outsourcing repair work, initially receiving watches by post and growing the business steadily through online marketing, reputation, and word of mouth. Over time, the Company expanded, building strong relationships with several luxury watch brands and developed a loyal customer base across the UK.
Administrators' statement of proposals (2025-12-04) · Companies House register