TRL Realisations Limited (11151960): administration
- Status
- Administration ended
- Administration began
- 2019-12-02
- Administrators
- Raj Mittal, Anthony Steven Barrell
- Administrators' firm
- FRP Advisory
- Formerly
- Thornhill Rail Limited; Rcap Seven Limited
- Incorporated
- 2018-01-16
- Location
- Birmingham
- Industry
- 71129 Other engineering activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in January 2018 as RCap Seven Limited (a shelf company). Following its acquisition of elements of the business and certain assets of Thornhill Heat Exchangers Limited (in administration) and Universal Heat Transfer Limited (in administration) in July 2018, the Company changed its name to Thornhill Rail Limited. The Company commenced trading as a manufacturer of heat exchangers and provider of associated services, mainly for the rail industry and latterly from leasehold premises in Tamworth, West Midlands.
The Company's acquisitions of the business and assets of the rail divisions of both Thornhill Heat Exchangers Limited and Universal Heat Transfer Limited were completed via pre-pack administrations conducted by PwC.
The above acquisitions were part of a wider transaction, also completed in July 2018, whereby Thornhill Group Limited, the Company’s former sole shareholder, also acquired the remaining business and assets of Thornhill Heat Exchangers Limited and Universal Heat Transfer Limited. The transaction was funded by Rcapital and created the following group structure (“the Thornhill Group”).
Administrators' statement of proposals (2019-12-16) · Companies House register