TEM Realisations Limited (12436420): administration
- Status
- In administration
- Administration began
- 2024-01-12
- Administrators
- Trevor John Binyon, Charles Hamilton Turner
- Administrators' firm
- Opus Restructuring
- Formerly
- The Edit MAN London Ltd
- Incorporated
- 2020-01-31
- Location
- Milton Keynes
- Industry
- 46160 Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
From the administrators' statement
As detailed above, the Company experiences a number of issues with their finances that caused the Company to not be able to pay its debts in full as and when they fell due. The Accountancy Cloud Ltd, referred the Director of the Company to Opus Restructuring LLP (“Opus”) on 21 July 2023. The original contact from the Company was to see if we could assist in an advisory capacity and whilst we did put a proposal forward the Company did not instruct Opus. Dialogue opened up periodically and in late November 2023 the Company again contacted Opus to assess their options whilst an investor came on board. Ultimately that did not transpire, and Opus were instructed to assist on 19 December 2023 with an Engagement Letter signed the following day.
No Moratorium under Part Al of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.
Administrators' statement of proposals (2024-01-25) · Companies House register