Insulate Realisations Limited (09812523): administration
- Status
- Administration ended
- Administration began
- 2019-08-02
- Administrators' firm
- Mazars
- Formerly
- Billsaveuk Limited
- Incorporated
- 2015-10-06
- Location
- Nottingham
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was incorporated on 6 October 2015, following the acquisition of certain assets from Mark Group Limited, in administration.
The Company was initially funded by equity and loan funding from its directors and shareholders. The Company also utilised an invoice discounting facility to provide working capital.
The principal activities of the Company are installation of insulation for housing in new builds and retro fit sectors and the provision of scaffolding.
Administrators' statement of proposals (2019-08-27) · Companies House register