POD Realisations Limited (SC381637): administration
- Status
- Administration ended
- Administration began
- 2022-12-20
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- Interpath Advisory
- Formerly
- Armadilla Ltd.
- Incorporated
- 2010-07-07
- Location
- Glasgow
- Industry
- 29203 Manufacture of caravans
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- COVID-19
- Loss of a key customer, supplier or contract
- Brexit
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 7 July 2010. It designed, manufactured and installed luxury modular accommodation pods, and has also developed a state-of-the-art utilities and amenities control system (POD Control) which aims to enhance the accommodation experience for users.
The Company’s products are popular in the tourism sector, with campsites, hotels and rural landowners buying them to let out as holiday accommodation. The pods had also been adapted for use in educational settings. Most sales were within the UK although the Company did have significant customers in Portugal and UAE.
At the date of the administration, there were 29 employees, all of whom operated from a 25,000 sqft leasehold site in Bonnyrigg, Scotland. The Company had sold over 600 units during 12 years of trading and demand remained strong at the point Administrators were appointed.
Administrators' statement of proposals (2023-02-03) · Companies House register