F (Realisations) 2023 Limited

Jane Steer, Toby Banfield and Zelf Hussain of PricewaterhouseCoopers LLP were appointed as joint administrators of the Company on 5 May 2023. 

The Company operates as a leading environmental services organisation that provides specialist services for lining and drainage using advanced equipment, skilled and certified staff and operational technologies. We are informed that there was a stand alone Moratorium under Part 1A of the Insolvency Act 1986. We are currently obtaining further details in this respect. Under the legislation moratorium creditors would have priority in respect of certain debts. We will provide further updates on this position as soon as possible on this website. 

Immediately following their appointment, the joint administrators successfully completed the sale of predominantly all of the Company’s business and assets, to FM Conway Limited (“Conway”). 

The sale has secured the ongoing employment of all of the Company’s c.164 employees who have transferred to the new business as part of the sale and the Company will continue to trade and operate as normal. 

For all queries in relation to the ongoing operation of the Company (including customers and suppliers), we recommend that you contact the Company through your normal communication channels. 

All book debt balances in relation to work in progress or finalised services outstanding at the date of our appointment will be collected directly by the Purchaser via the existing bank account. If you are a debtor and have any queries in relation to the amount you owe, please make contact directly via your normal communication channels. 

For employees retained by the Company we recommend that you contact your new employer with any queries you may have. 

If you have any queries in relation to the joint administrators' appointment that require urgent attention, please use the email address detailed below:

uk_frealisations_enquiries@pwc.com

Jane Steer, Mark James Tobias Banfield and Zelf Hussain have been appointed as Joint Administrators of the Company to manage its affairs, business and property as its agents and without personal liability. The Joint Administrators are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.