FTL Realisations 2024 Limited (12180387): administration
- Status
- Administration ended
- Administration began
- 2024-09-12
- Administrators
- Christopher Robert Pole, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Formerly
- Fablink Toolspec Limited
- Incorporated
- 2019-08-29
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated in August 2019 and specialises in tubular assemblies for heavyweight equipment manufacturers
FTOOL employs 38 employees and operates from one leasehold property in Luton.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2024-10-02) · Companies House register