FF Realisations PLC (12278361): administration
- Status
- Administration ended
- Administration began
- 2024-01-30
- Administrators
- Ian Partridge, Clare Kennedy, Alastair Paul Beveridge
- Administrators' firm
- AlixPartners
- Formerly
- Farfetch Holdings PLC; Hulk Finco PLC
- Incorporated
- 2019-10-23
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Management failings / irregularities
- Parent or group failure
From the administrators' statement
4.1 Please note: this is a summarised version of the background to the Administration; greater detail is provided in the SIP16 Report at Appendix H.
The Farfetch Group
4.2 The Group operates a global platform for the luxury fashion industry offering an e-commerce marketplace for well-known luxury boutiques around the world. In addition, it offers platform solutions to enable customers to run their own web sales platforms and undertakes the logistics thereof.
Administrators' statement of proposals (2024-02-10) · Companies House register