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Project Lightning Realisations 1 Limited Is Project Lightning Realisations 1 Limited in administration?
Last verified 23 May 2026
Yes, Project Lightning Realisations 1 Limited (company number 03548331) entered administration on 6 February 2026.
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Project Lightning Realisations 1 Limited is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | 03548331 |
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| Incorporated | 17 April 1998 (28 years old) |
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| Registered office | Level 33 One Canada Square, London, E14 5AB |
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| Nature of business (SIC) | 25620: Machining (Manufacturing) |
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| Date entered administration | 6 February 2026 |
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| Statement of Affairs | Filed 18 May 2026, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Project Lightning Realisations 1 Limited is a manufacturing business based in London, incorporated in 1998 and 28 years old when the administrator was appointed. Its registered activity is machining (SIC 25620). There have been 15 director appointments since incorporation, of which 2 were on the board when the administrator was appointed, alongside 1 person with significant control. 9 charges have been registered against the company, 2 of which are still outstanding.
Statement of Affairs
The administrator filed a Statement of Affairs on 18 May 2026. It declared:
Assets available to unsecured creditors
£0
Estimated shortfall to unsecured creditors
£2,609,780
Estimated total deficiency
£2,609,780
Show secured-creditor figures
Estimated total assets available for preferential creditors£194,047
Estimated total assets available for floating charge holders£-378,198
The Statement of Affairs is the administrator's estimate at the point of filing. Realisations on insolvency often differ. View the full filing ↗
Directors
15 people have been appointed as directors of Project Lightning Realisations 1 Limited.
DirectorStatusAppointedResigned
+9 former directors · resigned 1998 to 2015
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Fastenex (Industrial Fasteners) Limited
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Cofast Estates Limited · ceased 23 May 2017
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 7 satisfied.
Status · Creditor · Type · Dates
SatisfiedCynergy Business Finance Limited
A registered charge · Created 6 Aug 2025 · Satisfied 20 Feb 2026
OutstandingTc Security Trustee Limited Acting as the Security Trustee of the Secured Parties
A registered charge · Created 25 May 2021 · Pending
OutstandingTc Loans I Limited (As Security Trustee)
A registered charge · Created 2 Aug 2019 · Pending
SatisfiedLloyds Bank PLC
A registered charge · Created 25 May 2018 · Satisfied 22 Aug 2019
SatisfiedLloyds Bank Commercial Finance Limited
A registered charge · Created 23 May 2017 · Satisfied 15 Aug 2019
+3 earlier charges · 2001 to 2009
SatisfiedLloyds Tsb Bank PLC
An omnibus guarantee and set-off agreement · Created 24 Jun 2009 · Satisfied 2 May 2017
SatisfiedLloyds Tsb Commercial Finance Limited
All assets debenture · Created 24 Jun 2009 · Satisfied 2 May 2017
SatisfiedLloyds Tsb Bank PLC
Mortgage deed · Created 19 Jan 2001 · Satisfied 2 May 2017
SatisfiedLloyds Tsb Bank PLC
Debenture · Created 26 Sep 2000 · Satisfied 2 May 2017
What happened
EventDateType
Statement of affairs18 May 2026AM02 Registered office address changed10 May 2026AD01 Notice of deemed approval of proposals5 March 2026AM06
Statement of administrator's proposal25 February 2026AM03 Satisfaction of charge in full20 February 2026MR04 +128 earlier events · 1998 to 2026
Change of name notice9 February 2026CONNOT
Certificate of change of name9 February 2026CERTNM Appointment of an administrator6 February 2026AM01 Registered office address changed6 February 2026AD01 Registration of charge , created8 August 2025MR01 Confirmation statement made with updates23 July 2025CS01 Total exemption full accounts made up30 June 2025AA Confirmation statement made with updates24 April 2025CS01 Total exemption full accounts made up28 June 2024AA Confirmation statement made with updates23 April 2024CS01 Director's details changed5 April 2024CH01 Total exemption full accounts made up26 June 2023AA Confirmation statement made with updates18 April 2023CS01 Confirmation statement made with updates19 April 2022CS01 Total exemption full accounts made up7 March 2022AA Total exemption full accounts made up28 June 2021AA Registration of charge , created28 May 2021MR01 Confirmation statement made with updates4 May 2021CS01 Confirmation statement made with updates22 April 2020CS01 Director's details changed22 April 2020CH01 Total exemption full accounts made up18 February 2020AA Satisfaction of charge in full22 August 2019MR04 Satisfaction of charge in full15 August 2019MR04 Registration of charge , created12 August 2019MR01 Confirmation statement made with updates7 May 2019CS01 Total exemption full accounts made up5 April 2019AA Registration of charge , created25 May 2018MR01 Confirmation statement made with updates23 April 2018CS01 Total exemption full accounts made up29 January 2018AA Cessation as a person with significant control18 December 2017PSC07 Notification as a person with significant control18 December 2017PSC02 Director's details changed28 November 2017CH01 Director's details changed28 November 2017CH01 Registered office address changed28 November 2017AD01 Termination of appointment as a director31 May 2017TM01 Termination of appointment as a director31 May 2017TM01 Termination of appointment as a director31 May 2017TM01 Termination of appointment as a secretary31 May 2017TM02 Registered office address changed31 May 2017AD01 Registration of charge , created24 May 2017MR01 Satisfaction of charge in full2 May 2017MR04 Satisfaction of charge in full2 May 2017MR04 Satisfaction of charge in full2 May 2017MR04 Satisfaction of charge in full2 May 2017MR04 Confirmation statement made with updates20 April 2017CS01 Director's details changed12 April 2017CH01 Director's details changed11 April 2017CH01 Director's details changed11 April 2017CH01 Director's details changed11 April 2017CH01 Total exemption small company accounts made up15 December 2016AA Annual return made up with full list of shareholders25 April 2016AR01 Termination of appointment as a director22 April 2016TM01 Total exemption small company accounts made up16 December 2015AA Annual return made up with full list of shareholders28 April 2015AR01 Total exemption small company accounts made up13 January 2015AA Director's details changed7 May 2014CH01 Director's details changed6 May 2014CH01 Annual return made up with full list of shareholders6 May 2014AR01 Termination of appointment as a director9 January 2014TM01 Appointment as a director9 January 2014AP01 Total exemption small company accounts made up18 November 2013AA Annual return made up with full list of shareholders18 April 2013AR01 Director's details changed18 April 2013CH01 Total exemption small company accounts made up6 January 2013AA Annual return made up with full list of shareholders25 April 2012AR01 Total exemption small company accounts made up14 February 2012AA Registered office address changed16 May 2011AD01 Total exemption small company accounts made up16 May 2011AA Director's details changed18 April 2011CH01 Annual return made up with full list of shareholders18 April 2011AR01 Director's details changed18 April 2011CH01 Director's details changed18 April 2011CH01 Secretary's details changed18 April 2011CH03 Director's details changed1 June 2010CH01 Annual return made up with full list of shareholders1 June 2010AR01 Director's details changed1 June 2010CH01 Director's details changed1 June 2010CH01 Current accounting period extended17 March 2010AA01 Total exemption small company accounts made up16 February 2010AA Previous accounting period shortened21 January 2010AA01 Total exemption small company accounts made up18 March 2009AA Total exemption small company accounts made up30 June 2008AA Total exemption small company accounts made up24 July 2007AA Total exemption small company accounts made up1 June 2006AA Total exemption small company accounts made up4 August 2005AA Total exemption small company accounts made up8 May 2004AA Total exemption small company accounts made up20 November 2003AA Amended accounts made up14 November 2002AAMD Legacy23 September 2002288a Legacy23 September 2002288a Legacy23 September 2002288b Total exemption small company accounts made up27 June 2002AA Accounts for a small company made up23 March 2001AA Legacy30 September 2000395 Accounts for a small company made up17 April 2000AA Certificate of change of name22 June 1998CERTNM Incorporation17 April 1998NEWINC What this means for you
If you are a creditor
Contact the administrator to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
How retention of title works →Don't be the last to know next time
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See how Protect works, £24/mo →Other manufacturing companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Project Lightning Realisations 1 Limited in administration?
- Yes. Project Lightning Realisations 1 Limited (company number 03548331) entered administration on 6 February 2026.
- What does Project Lightning Realisations 1 Limited do?
- Project Lightning Realisations 1 Limited's registered nature of business is machining (SIC 25620). It is classified in the manufacturing sector.
- Where is Project Lightning Realisations 1 Limited based?
- Project Lightning Realisations 1 Limited's registered office is Level 33 One Canada Square, London, E14 5AB. The registered office is the address held on the public register, which is not always the trading address.
- When was Project Lightning Realisations 1 Limited founded?
- Project Lightning Realisations 1 Limited was incorporated on 17 April 1998, 28 years before the administrator was appointed.
- What is Project Lightning Realisations 1 Limited's company number?
- Project Lightning Realisations 1 Limited's registered company number is 03548331.
- Who has significant control of Project Lightning Realisations 1 Limited?
- 1 active person with significant control over Project Lightning Realisations 1 Limited is on the register: Fastenex (Industrial Fasteners) Limited.
- Does Project Lightning Realisations 1 Limited have any outstanding charges?
- 2 outstanding charges are registered against Project Lightning Realisations 1 Limited out of 9 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- Are jobs at Project Lightning Realisations 1 Limited at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of Project Lightning Realisations 1 Limited?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did Project Lightning Realisations 1 Limited go into administration?
- Project Lightning Realisations 1 Limited went into administration on 6 February 2026.
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