Case Studies/Wholesale/R REALISATIONS 2026 LIMITED
In administration

R REALISATIONS 2026 LIMITED

R Realisations 2026 Limited, a London wholesale company incorporated on 15 Jan 1991, entered administration under the Insolvency Act 1986, Sch. B1. The Gazette records the appointment of Matthew Boyd Callaghan of FTI Consulting as administrator on 26 May 2026, with the company’s first failure date shown as 28 May 2026.

Key facts
Company no.02573819
SectorWholesale
Incorporated15 Jan 1991
Reg. officeLondon W1G
Appointed28 May 2026
Office holderMatthew Boyd Callaghan, FTI Consulting
The timeline · incorporation → liquidation
15 Jan 1991
Incorporated
Registered as 02573819. Wholesale.
1 Sep 1992
Charge registered
Debenture granted to Credit Lyonnais Bank Nederland N.V..
18 Feb 1993
Charge registered
Credit agreement granted to Close Brothers Limited.
9 Mar 1993
Charge registered
A credit agreement granted to Close Brothers Limited.
16 Feb 1995
Charge registered
Mortgage debenture granted to Singer & Friedlander Limited.
1 Aug 2000
Board changes begin
First of the director resignations before failure.
21 Feb 2003
Charge registered
Debenture granted to Lowell Judith Harder.
21 Feb 2003
Charge registered
Debenture granted to Alan Mark Warner,Malcolm Warner,Christopher Howell and Peter Myers.
25 Feb 2006
Charge registered
Debenture granted to Lloyds Tsb Bank PLC (As Security Agent for the Secured Parties).
12 Jul 2006
Charge registered
An omnibus guarantee and set-off agreement granted to Lloyds Tsb Bank PLC.
9 Dec 2007
Charge registered
Insurance assignment granted to Lloyds Tsb Bank PLC (Security Agent).
9 Dec 2007
Charge registered
Debenture granted to Lloyds Tsb Bank PLC (Security Agent).
26 Nov 2009
Charge registered
Insurance assignment granted to Lloyds Tsb Bank PLC (Security Agent).
23 Sep 2010
First accounts filed
accounts-with-accounts-type-full
22 Aug 2012
Charge registered
Supplemental legal mortgage granted to Lloyds Tsb Bank PLC (In Its Capacity as Security Agent).
1 Sep 2016
Charge registered
A registered charge granted to Barclays Bank PLC (As Security Agent for the Beneficiaries).
18 Jul 2017
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited.
25 Aug 2017
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited.
2 Mar 2018
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited.
26 Oct 2021
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited.
26 Oct 2021
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited.
16 Nov 2023
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited as Security Trustee.
28 Jul 2025
Charge registered
A registered charge granted to Freshstream I L.P. Acting by Its General Partner Freshstream Fund I Gp Limited as Noteholder (As Defined in the Instrument).
28 Jul 2025
Charge registered
A registered charge granted to Wells Fargo Capital Finance (UK) Limited as Security Trustee.
28 Jul 2025
Charge registered
A registered charge granted to Freshstream I L.P. Acting by Its General Partner Freshstream Fund I Gp Limited as Secured Party (As Defined in the Instrument).
2 Dec 2025
Latest accounts filed
accounts-with-accounts-type-group
20 Mar 2026
Charge registered
A registered charge granted to Freshstream I L.P. Acting by Its General Partner Freshstream Fund I Gp Limited.
20 Mar 2026
Charge registered
A registered charge granted to Freshstream I L.P., Acting by Its General Partner Freshstream Fund I Gp Limited.
20 Mar 2026
Charge registered
A registered charge granted to Freshstream I L.P. Acting by Its General Partner Freshstream Fund I Gp Limited.
28 May 2026
Administrators appointed
In administration.
28 May 2026
Gazette notice published
Notice 5142918 in The Gazette.

What the data was telling us

Readings from The Gazette and Companies House, in the firm's final two years.

Insolvency statusAdministration
StatusIn administration
Gazette refNotice 5142918
EditionThe Gazette
Appointed byDirectors or a floating-charge holder
UnderInsolvency Act 1986, Sch. B1
Filing trajectoryLate filing
Incorporated15 Jan 1991
Last accounts2 Dec 2025
Confirmation stmtFiled
Account typeAccounts
Director stabilityBoard churn
Appointments24 since 1991
Resignations1 in final 12 mths
Active directors1
Avg tenure5.4 yrs
Charges & secured creditorsFloating charge
Charges25 registered
InstrumentA registered charge
HolderFreshstream I L.P., Acting by Its General Partner Freshstream Fund I Gp Limited
Registered20 Mar 2026
Statusoutstanding
Practitioner appointedPractitioner
PractitionerMatthew Boyd Callaghan
FirmFTI Consulting
RoleAdministrator
IP numberIP 14630
Appointed26 May 2026

Lessons behind the liquidation

01
Administration is often the final formal step

The company is now in administration, a process recorded in The Gazette under the Insolvency Act 1986, Sch. B1. That means control has passed to an appointed practitioner, here Matthew Boyd Callaghan of FTI Consulting, with the process focused on the statutory response rather than ordinary trading decisions.

02
Secured finance can remain central right to the end

The register shows 25 charges, with one outstanding charge registered on 20 Mar 2026 in favour of Freshstream I L.P., acting by its general partner Freshstream Fund I Gp Limited. A charge position like this is a reminder that insolvency records often reflect the structure of a business's financing as clearly as they do its trading history.

03
Board continuity did not prevent a formal insolvency event

The company was incorporated on 15 Jan 1991 and the record shows an average director tenure of 5.4 yrs, 24 appointments since 1991, and 1 resignation in the final 12 mths, with 1 active director. The pattern is one of a long-running company with a changing board, and that kind of governance record can sit alongside a later move into administration without explaining it on its own.

Pattern context

This resembles a long-established wholesale insolvency where creditor security, board turnover, and a late formal appointment all point to a business reaching a structured insolvency process after an extended corporate life.

Indicative basis · modelled across LIQUI's corpus, indicative, not predictive
The full forensic report

Every charge, every filing, every appointment, in one dossier.

Director histories across related entities, the full debenture instrument, creditor estimates, and the practitioner's record on comparable cases for R REALISATIONS 2026 LIMITED.