TAL Realisations 2023 Limited (12841993): administration
- Status
- Administration ended
- Administration began
- 2023-01-09
- Administrators
- James Richard Clark, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Timber Angel Ltd; C I Investment Properties Ltd
- Incorporated
- 2020-08-27
- Location
- Leeds
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Sustained trading losses
- COVID-19
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 27 August 2020 and commenced trading in January 2022. It initially began trading from one site in Willerby, Hull, which was a showroom for garden furniture and a second site was opened at Clough Road, Hull in June 2022 which sold treated timber to trade parties operating in the construction industry.
The Willerby site was closed in December 2022, and we understand from the directors that the 3 employees at this site were made redundant at this time.
The Company had nine remaining employees at the date of the Joint Administrators’, all of whom have transferred to the Purchaser under TUPE regulations as a result of the sale.
Administrators' statement of proposals (2023-01-25) · Companies House register