WTS Realisations Limited (11249414): administration
- Status
- Administration ended
- Administration began
- 2022-05-11
- Administrators
- Geoffrey Paul Rowley, Ian James Corfield
- Administrators' firm
- FRP Advisory
- Formerly
- Whirli Limited; Project Rhea Ltd
- Incorporated
- 2018-03-11
- Location
- London
- Industry
- 47650 Retail sale of games and toys in specialised stores
From the administrators' statement
Whirli Limited was founded by Nigel Phan and incorporated in March 2018. The Company provided a children’s toy rental service via either a monthly, bi-annual and annual customer subscription.
The Company employed 63 people and traded from an industrial warehouse in Rainham, Essex. Whirli also had a small serviced office in Central London.
Whirli was growing rapidly but remained in the pre-profit phase and ultimately reliant on a consortium of shareholder funding to meet its day-to-day operations financing needs. At the time of the Administration, Whirli had approximately 10,500 customers, many of whom subscribed during the COVID-19 pandemic when non-essential retail stores were not able to open.
Administrators' statement of proposals (2022-07-05) · Companies House register