AHL Realisations Limited (10858533): administration
- Status
- Administration ended
- Administration began
- 2020-05-18
- Administrators
- Stephen John Absolom, William James Wright
- Administrators' firm
- KPMG
- Formerly
- Antler (Holdings) Limited; Aghoco 1547 Limited
- Incorporated
- 2017-07-10
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Group has been profoundly impacted by the Covid-19 pandemic. Restrictions imposed at the start of the lockdown period prompted the closure of Antler’s retail and wholesale outlets, while the impact on international travel has also significantly affected sales. ”
On 23 March 2020 the UK Government announced the start of a lockdown in response to the Covid-19 pandemic, as a result of which all Antler stores were closed on 24 March 2020. The UK Wholesale business had also materially ceased as there were no outlets open through ‘which to sell stock.
Sales under distribution agreements with key suppliers were not being completed as there was limited cash available to purchase stock from the Chinese manufacturers.
Administrators' statement of proposals (2020-07-23) · Companies House register