DHS Realisations Limited (09961973): administration
- Status
- In administration
- Administration began
- 2025-01-22
- Administrators
- Rachel Hotham, Richard Alan Warwick
- Administrators' firm
- The Logistics Partnership
- Formerly
- Dorset Hire Services Limited
- Incorporated
- 2016-01-21
- Location
- Taunton
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
- Rising interest rates
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 21 January 2016 and started trading on 1 February 2016 providing high quality tools, plant and equipment to both trade and DIY customers. During the initial trading periods the Company operated on a relatively small basis from one site with a small amount of assets available for hire.
As the business increased turnover and customer base it acquired new assets both outright and thorough the use of hire purchase agreements, to ensure it could meet customer demand and supply high quality kit.
Due to the increase in assets held and the geographical spread of its client base, as it grew, it became necessary for the Company to take on additional property space and over time it grew from a one site operation to taking leases at three separate locations.
Administrators' statement of proposals (2025-02-04) · Companies House register