Creditors' voluntary liquidation · 9 November 2023
Real Places
Housebuilder · Horsham · South East England · Part of Real
What happened
REAL PLACES LIMITED (company number 13173774), incorporated in 2021, entered creditors' voluntary liquidation on 9 November 2023. Its status at Companies House is now: liquidation.
Why it failed
Group losses on a fixed-price contract portfolio exceeded expectations because of unprecedented inflation, delaying projects; creditor pressure and other group insolvencies left the company unable to trade.
- Main reason: Cost inflation
- Losses on contracts
- Delays
- Cash flow
- Group company failed
Our summary of the reasons given in the administrators' proposals for Real LSE, another company in the group. These record the administrators' and directors' account of what happened.
The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
28 February 2022
Last accounts filed were made up to this date
21 months later
9 November 2023
Creditors' voluntary liquidation started (shareholders resolved to wind up)
AccountsPayment reportInsolvency
Before it failed
Key figures
The last accounts filed were group accounts made up to 28 February 2022, 20 months before it failed.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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