DW Realisations 2020 Limited (10457099): administration and why it failed

DW Realisations 2020 Limited (10457099): administration

Status: Administration ended
Administration began: 2020-05-05
Administrators' firm: RSM
Formerly: Daniel Wellington UK Limited
Incorporated: 2016-11-01
Location: London
Industry: 96090 Other service activities n.e.c.

Why it went into administration

COVID-19
Property / lease costs
Sustained trading losses
Creditor pressure / legal action
Brexit
Rising costs / inflation

From the administrators' statement

Relevant extracts from the Company’s audited financial statements and management accounts are

summarised below.

Consolidated balance sheet from Draft Annual Accounts for the period ended 31 December 2018.

Administrators' statement of proposals (2020-07-08) · Companies House register

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DW Realisations 2020 Limited (10457099): administration

Why it went into administration

From the administrators' statement

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DW Realisations 2020 Limited (10457099)