RD Realisations 2024 Limited (12069096): administration
- Status
- In administration
- Administration began
- 2024-06-03
- Administrators
- Kirstie Jane Provan, Irvin Milton Cohen
- Administrators' firm
- Begbies Traynor
- Formerly
- Radically Digital Ltd
- Incorporated
- 2019-06-25
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Over-expansion / investment not recovered
From the administrators' statement
Our report and proposals for achieving the purpose of the Administration, which will be sent to creditors as soon as practicable, will provide detailed information in relation to the Company. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company acted as a digital consultancy firm providing cost-effective and people-first digital transformation products. The Company offered strategic and technical expertise covering multiple sectors across Europe, including Fintech, Wealth Management, Insurance, Entertainment and Ecommerce. The business has long lasting partnerships with its clients to provide market-leading digital solutions to fit client's needs.
The reasons for the Company’s insolvency
Administrators' statement of proposals (2024-07-16) · Companies House register