AB Realisations 2023 Limited (14111154): administration
- Status
- Administration ended
- Administration began
- 2023-12-06
- Administrators
- Gareth Harris, Christopher Ratten
- Administrators' firm
- RSM
- Formerly
- Advantage Brand Licensing Ltd
- Incorporated
- 2022-05-17
- Location
- Manchester
- Industry
- 32300 Manufacture of sports goods
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in May 2022 and is the UK Licensee for two sporting brands (Kappa Team Sports / Steeden Rugby Balls) supplying apparel to sporting clubs, resellers and direct to customers.
The Company effectively took over the business which was previously run by the UK subsidiary of Kappa France (‘Kappa’) after it ceased operating in the UK.
The Company is a wholly owned subsidiary of Advantage Brands Group Limited.
Administrators' statement of proposals (2024-01-04) · Companies House register