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Project Lightning Realisations 2 Limited Is Project Lightning Realisations 2 Limited in administration?
Last verified 23 May 2026
Yes, Project Lightning Realisations 2 Limited (company number 02550645) entered administration on 5 February 2026.
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Project Lightning Realisations 2 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 | 02550645 |
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| Incorporated | 22 October 1990 (36 years old) |
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| Registered office | Level 33 1 Canada Square, London, E14 5AB |
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| Nature of business (SIC) | 46900: Non-specialised wholesale trade (Retail) |
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| Date entered administration | 5 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 2 Limited is a retail business based in London, incorporated in 1990 and 36 years old when the administrator was appointed. Its registered activity is non-specialised wholesale trade (SIC 46900). There have been 8 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, 4 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
£1,605,099
Estimated total deficiency
£1,605,099
Show secured-creditor figures
Estimated total assets available for preferential creditors£152,193
Estimated total assets available for floating charge holders£-227,375
The Statement of Affairs is the administrator's estimate at the point of filing. Realisations on insolvency often differ. View the full filing ↗
Directors
8 people have been appointed as directors of Project Lightning Realisations 2 Limited.
DirectorStatusAppointedResigned
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
2 ceased controls
- Mrs Letitia Miller Baker · ceased 2 Aug 2019
- Mr Christopher Albert Williams · ceased 2 Aug 2019
Charges register
Secured creditors and encumbrances against the company. 4 outstanding · 5 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 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
OutstandingTc Loans I Limited (As Security Trustee)
A registered charge · Created 2 Aug 2019 · Pending
+3 earlier charges · 1991 to 2009
SatisfiedLloyds Tsb Commercial Finance Limited
All assets debenture · Created 24 Jun 2009 · Satisfied 13 Oct 2018
SatisfiedLloyds Tsb Bank PLC
Debenture · Created 20 Apr 2004 · Satisfied 13 Oct 2018
SatisfiedTsb Bank PLC.
Mortgage debenture · Created 14 Jun 1991 · Satisfied 23 Jul 1996
SatisfiedTsb Bank PLC.
Legal charge · Created 27 May 1991 · Satisfied 13 Jul 1996
What happened
EventDateType
Statement of affairs18 May 2026AM02 Registered office address changed11 May 2026AD01 Registered office address changed10 May 2026AD01 Notice of deemed approval of proposals5 March 2026AM06
Statement of administrator's proposal2 March 2026AM03 +131 earlier events · 1990 to 2026
Satisfaction of charge in full20 February 2026MR04 Certificate of change of name9 February 2026CERTNM Change of name notice9 February 2026CONNOT
Registered office address changed5 February 2026AD01 Appointment of an administrator5 February 2026AM01 Confirmation statement made with updates27 October 2025CS01 Registration of charge , created8 August 2025MR01 Total exemption full accounts made up30 June 2025AA Confirmation statement made with updates26 November 2024CS01 Total exemption full accounts made up28 June 2024AA Director's details changed5 April 2024CH01 Confirmation statement made with updates10 November 2023CS01 Total exemption full accounts made up26 June 2023AA Confirmation statement made with updates14 December 2022CS01 Total exemption full accounts made up21 March 2022AA Confirmation statement made with updates25 November 2021CS01 Total exemption full accounts made up28 June 2021AA Registration of charge , created28 May 2021MR01 Registration of charge , created28 May 2021MR01 Confirmation statement made with updates29 October 2020CS01 Confirmation statement made with updates11 December 2019CS01 Termination of appointment as a director23 August 2019TM01 Registration of charge , created13 August 2019MR01 Registration of charge , created13 August 2019MR01 Termination of appointment as a secretary6 August 2019TM02 Cessation as a person with significant control6 August 2019PSC07 Cessation as a person with significant control6 August 2019PSC07 Termination of appointment as a director6 August 2019TM01 Termination of appointment as a director6 August 2019TM01 Notification as a person with significant control6 August 2019PSC02 Appointment as a director6 August 2019AP01 Appointment as a director6 August 2019AP01 Current accounting period extended6 August 2019AA01 Registered office address changed6 August 2019AD01 Total exemption full accounts made up22 May 2019AA Confirmation statement made with no updates24 October 2018CS01 Satisfaction of charge in full13 October 2018MR04 Satisfaction of charge in full13 October 2018MR04 Total exemption full accounts made up9 July 2018AA Total exemption full accounts made up6 November 2017AA Confirmation statement made with updates24 October 2017CS01 Director's details changed14 September 2017CH01 Director's details changed14 September 2017CH01 Director's details changed14 September 2017CH01 Secretary's details changed14 September 2017CH03 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 Confirmation statement made with updates1 November 2016CS01 Registered office address changed30 August 2016AD01 Total exemption small company accounts made up16 December 2015AA Annual return made up with full list of shareholders26 October 2015AR01 Purchase of own shares7 January 2015SH03 Cancellation of shares. Statement of capital24 December 2014SH06 Total exemption small company accounts made up19 December 2014AA Annual return made up with full list of shareholders27 October 2014AR01 Total exemption small company accounts made up18 November 2013AA Annual return made up with full list of shareholders24 October 2013AR01 Total exemption small company accounts made up6 January 2013AA Annual return made up with full list of shareholders25 October 2012AR01 Total exemption small company accounts made up15 December 2011AA Annual return made up with full list of shareholders3 November 2011AR01 Total exemption small company accounts made up23 December 2010AA Annual return made up with full list of shareholders25 October 2010AR01 Total exemption small company accounts made up19 January 2010AA Annual return made up with full list of shareholders4 December 2009AR01 Director's details changed3 December 2009CH01 Director's details changed3 December 2009CH01 Director's details changed3 December 2009CH01 Legacy22 October 2008363a Total exemption small company accounts made up2 September 2008AA Legacy23 October 2007363a Total exemption small company accounts made up21 October 2007AA Total exemption small company accounts made up20 November 2006AA Legacy23 October 2006363a Total exemption small company accounts made up5 April 2006AA Legacy28 October 2005363a Total exemption small company accounts made up1 February 2005AA Legacy28 October 2004363s Accounts for a small company made up23 December 2003AA Legacy28 October 2003363s Accounts for a small company made up14 January 2003AA Legacy30 December 2002363s Accounts for a small company made up4 February 2002AA Legacy26 October 2001363s Full accounts made up3 January 2001AA Legacy16 October 2000363s Legacy27 October 1999363s Full accounts made up1 October 1999AA Full accounts made up1 February 1999AA Legacy9 November 1998363s Full accounts made up25 January 1998AA Legacy28 October 1997363s Legacy28 October 1997288b Legacy26 September 1997288a Accounts for a small company made up18 December 1996AA Legacy1 November 1996363s Full accounts made up18 January 1996AA Legacy19 October 1995363s A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Legacy24 October 1994363s Accounts for a small company made up17 October 1994AA Legacy19 October 1993363s Accounts for a small company made up21 September 1993AA Legacy23 October 1992363s Full accounts made up7 September 1992AA Legacy4 November 1991363b Legacy31 October 1990224
Incorporation22 October 1990NEWINC 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
Most suppliers only find out a customer has failed once it is announced. By then it is too late. Protect monitors every company you sell to and emails you as the warning signs build, well before it becomes official. We can't stop a customer failing, but you'll never be the last to know, and you'll know you did all you could.
See how Protect works, £24/mo →Other retail companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Project Lightning Realisations 2 Limited in administration?
- Yes. Project Lightning Realisations 2 Limited (company number 02550645) entered administration on 5 February 2026.
- What does Project Lightning Realisations 2 Limited do?
- Project Lightning Realisations 2 Limited's registered nature of business is non-specialised wholesale trade (SIC 46900). It is classified in the retail sector.
- Where is Project Lightning Realisations 2 Limited based?
- Project Lightning Realisations 2 Limited's registered office is Level 33 1 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 2 Limited founded?
- Project Lightning Realisations 2 Limited was incorporated on 22 October 1990, 36 years before the administrator was appointed.
- What is Project Lightning Realisations 2 Limited's company number?
- Project Lightning Realisations 2 Limited's registered company number is 02550645.
- Who has significant control of Project Lightning Realisations 2 Limited?
- 1 active person with significant control over Project Lightning Realisations 2 Limited is on the register: Fastenex (Industrial Fasteners) Limited.
- Does Project Lightning Realisations 2 Limited have any outstanding charges?
- 4 outstanding charges are registered against Project Lightning Realisations 2 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 2 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 2 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 2 Limited go into administration?
- Project Lightning Realisations 2 Limited went into administration on 5 February 2026.
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