# VM Realisations (2021) Limited (10048521)

> Why UK company 10048521 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10048521

- **Status:** Administration ended
- **Administration began:** 2021-01-25
- **Administrators:** Benjamin Stanyon, Nedim Patrick Ailyan
- **Administrators' firm:** FRP Advisory
- **Formerly:** Vapemate Limited
- **Incorporated:** 2016-03-08
- **Location:** Brentwood
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- Parent or group failure

## From the administrators' statement

FRP was initially introduced to the Group on 10 September 2020, with a remote meeting subsequently held on or around 5 October 2020. The focus of those discussions was the marketing/sale of the “Vapemate” e-liquid brands in isclation, together with its associated e-commerce and wholesale operations.

FRP’s Corporate Finance arm was formally engaged on 27 October 2020, with marketing commencing on 5 November 2020, with the objective of completing a solvent transaction within an 8-week period from engagement. This resulted in three offers for the business.

The three offers did not, however, prove deliverable due to the Group’s financial position and as a result, the directors recognised the Group to be both cash and balance sheet insolvent.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10048521/filing-history/MzI5OTQzMzM5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10048521

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