# BW Realisations Limited (10979547)

> Why UK company 10979547 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10979547

- **Status:** Administration ended
- **Administration began:** 2022-09-21
- **Administrators:** Christopher Newell, Nicholas Simmonds
- **Administrators' firm:** Quantuma
- **Formerly:** Big Wheel Film & Television Limited
- **Incorporated:** 2017-09-25
- **Location:** London
- **Industry:** 59113 Television programme production activities

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Quantuma Advisory Limited were first anpproached by the Company on 29 December 2021 and subsequently instructed on 2 July 2022. During the intervening months the Director remained in regular correspondence with Mr Simmonds in respect of the Company’s circumstances, and the available options.

Following a review of the financial position together with various discussions with the Directors, it was established that the Company was insolvent on both balance sheet basis and cash flow basis, as the Company could not pay its debts as and when they fell due.

It had been decided to place the Company into Administration via a pre-packaged administration sale as there was insufficient working capital and no prospect of persuading new funding to allow medium-term trading to continue in order that the business and assets could be exposed thoroughly to the market.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10979547/filing-history/MzM2MDYxMTAyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10979547

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