NS Realisations 2026 Limited (11953457): administration
- Status
- In administration
- Administration began
- 2026-06-25
- Administrators
- Emma Mifsud, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Formerly
- Naama Studios Ltd
- Incorporated
- 2019-04-18
- Location
- Milton Keynes
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
As the proposed sale became protracted and shifted away from a share sale to an asset sale, and given cash flow restraints of the entity, a time to pay was entered into with HMRC for tax arrears. In the period leading up to the Administration, due to the delays in proceeding towards completion of the sale, the most recent quarter fell due for tax labilities, that could not be met. This is in addition to some trading liabilities.
Recognising the Company's deteriorating financial position, a member of the management contacted Opus Restructuring LLP on 08 April 2026, following which a meeting with the director was held on 21 April 2026 to provide advice regarding the Company’s insolvency options. Further to the advice and having regard to the existing interested party in the purchase of the assets of the Company, the director decided to seek a prepack sale of the business and assets and enter the company into administration. This was to be coordinated with the administration of the holding company LTL.
Administration Process
Administrators' statement of proposals (2026-08-18) · Companies House register