SDN Realisations Limited (10159378): administration
- Status
- Administration ended
- Administration began
- 2022-08-11
- Administrators
- Timothy Vance, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Scandibørn Limited
- Incorporated
- 2016-05-03
- Location
- Leeds
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Over-expansion / investment not recovered
- Sustained trading losses
From the administrators' statement
The Company is a standalone entity which traded as a business to customer online retailer. The Company sold Scandinavian-inspired nursery products via its UK and US websites.
The operations of the Company were based in the UK, operating principally from a leased warehouse in Melton Mowbray (Leicestershire) and employed 21 employees.
The Company was incorporated in 2016 and is owned by two shareholder individuals.
Administrators' statement of proposals (2022-08-26) · Companies House register