# FI Realisations Limited (SC230453)

> Why UK company SC230453 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC230453

- **Status:** Administration ended
- **Administration began:** 2011-07-25
- **Administrators:** Gerard Anthony Friar, Blair Carnegie Nimmo
- **Administrators' firm:** KPMG
- **Formerly:** Festival Inns Limited; Festival Hotels Limited; Waterways Developments Lothian Limited; Kenrich Limited; PBL 200 Limited
- **Incorporated:** 2002-04-17
- **Location:** Glasgow
- **Industry:** 5540

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure

## From the administrators' statement

Further to the background set out in the SIP 16 memorandum of sale;

FIL was incorporated on 17 April 2002 and operated under the name of Festival Hotels Limited. This changed to Festival Inns Limited in 2005 and subsequently, following the

appointment of the Joint Administrators, became FI Realisations Limited.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC230453/filing-history/MzA0NDMyOTc1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC230453

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.