ODL Realisations (2025) Limited (13840212): administration
- Status
- Administration ended
- Administration began
- 2025-07-21
- Administrators
- Mark James Tobias Banfield, Tom Crookham, Ross David Connock
- Administrators' firm
- PwC
- Formerly
- ODL Realisations Limited; Oakman DEV Limited
- Incorporated
- 2022-01-11
- Location
- Leeds
- Industry
- 56302 Public houses and bars
Why it went into administration
- COVID-19
- Rising costs / inflation
- Weak consumer demand
- Energy costs
- Property / lease costs
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
- Parent or group failure
From the administrators' statement
The Company is a direct subsidiary of OIRL, itself a subsidiary of Oakman Group Plc, the holding company for the wider Group. The Group is privately owned, with a large and diversified shareholder base of approximately 1,100 individuals, including high-net-worth investors, management, and retail shareholders. We provide a group structure at Appendix A.
ODL has three sites consisting of 1 freehold property and 2 leasehold properties. ODL operated premium country-style pub-restaurants in the South- East and Shropshire offering high-quality food and drinks. Trading was active at the two leasehold sites up to appointment, but had already ceased at the freehold site and a sale of the freehold property had been agreed at the time of appointment.
All three properties are financed under fixed charge security held by W E Black, who we understand is owed c.£4.99m based on the latest balance sheet available at the date of appointment, though we expect the actual amount owing will be higher due to interest continuing to accrue. ODL has common directors and shared central services with OIRL, another Group company which also entered administration on 21 July 2025, who also operated a pub and restaurant business.
Administrators' statement of proposals (2025-08-27) · Companies House register