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TU Realisations Limited Is TU Realisations Limited in creditors' voluntary liquidation?
Last verified 5 June 2026
Yes, TU Realisations Limited (company number 01985596) entered creditors' voluntary liquidation on 9 August 2023, by its creditors. Mark James Tobias Banfield of null was appointed as liquidator.
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TU Realisations Limited is now in creditors' voluntary liquidation. Below are the key dates, the directors, the public-record timeline that led here, and what the liquidation means if you are a creditor, employee, customer or supplier.
How the case progressed
Administration
24 August 2020
Creditors' voluntary liquidation
9 August 2023
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
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| Company number | 01985596 |
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| Previously known as | - Travelex UK Limited, Jan 1991 to Mar 2023
- Travellers Exchange Corporation PLC, Feb 1986 to Jan 1991
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| Incorporated | 4 February 1986 (40 years old) |
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| Registered office | Central Square, 29 Wellington Street, Leeds, England, LS1 4DL |
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| Nature of business (SIC) | 96090: Other service activities n.e.c. |
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| Date entered creditors' voluntary liquidation | 9 August 2023 |
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| Liquidator | Mark James Tobias Banfield, null (licensed insolvency practitioner) |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 17 December 2020, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
TU Realisations Limited is a UK limited company based in Leeds, incorporated in 1986 and 37 years old when the liquidator was appointed. Its registered activity is other service activities n.e.c. (SIC 96090). There have been 33 director appointments since incorporation, of which 2 were on the board when the liquidator was appointed, alongside 1 person with significant control. 17 charges have been registered against the company, 1 of which is still outstanding.
Directors
33 people have been appointed as directors of TU Realisations Limited.
DirectorStatusAppointedResigned
+27 former directors · resigned 1993 to 2019
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.
Tl Realisations 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
- Dr Bavaguthu Raghuram Shetty · ceased 6 Apr 2016
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 16 satisfied.
Status · Creditor · Type · Dates
OutstandingDeutsche Bank Ag, London Branch
A registered charge · Created 5 May 2017 · Pending
SatisfiedDeutsche Bank Ag, London Branch (And Its Successors in Title and Permitted Transferees)
A registered charge · Created 1 Aug 2013 · Satisfied 11 May 2017
SatisfiedLloyds Tsb Bank PLC (The Security Trustee)
Debenture · Created 7 Jun 2012 · Satisfied 2 Aug 2013
SatisfiedThe Governor and Company of the Bank of Scotland
Chattel mortgage · Created 13 Sep 2006 · Satisfied 20 Apr 2007
SatisfiedThe Governor and Company of the Bank of Scotland as Security Trustee
Debenture · Created 2 Aug 2005 · Satisfied 22 Jun 2012
+11 earlier charges · 1987 to 2002
SatisfiedBarclays Bank PLC
Debenture · Created 20 Nov 2002 · Satisfied 27 Sep 2005
SatisfiedBarclays Bank PLC
Debenture relating to a working capital and overdraft facility agreement and acquisition facility agreement between the company,the group companies and barclays bank PLC · Created 1 Sep 2000 · Satisfied 27 Sep 2005
Satisfied3I PLC(Acting for Itself and as Trustee on Behalf of the Lenders Under the Mezzanine Loan Agreement) or Any of the Lenders
Debenture · Created 30 Dec 1998 · Satisfied 2 Sep 2000
SatisfiedGenerale Bank N.V.-Generale De Banque S.A.
Single debenture · Created 17 Jul 1998 · Satisfied 26 Aug 2000
SatisfiedBanco De Sabadell S.A.
Fixed charge on cash deposits dated 8TH may 1997 · Created 8 May 1997 · Satisfied 30 Dec 1998
SatisfiedClose Brothers Limited
Credit agreement · Created 10 Feb 1993 · Satisfied 18 Mar 1995
SatisfiedBank of America National Trust and Savings Association
Memorandum of agreement · Created 24 Mar 1992 · Satisfied 30 Dec 1998
SatisfiedBarclays Bank PLC
Rent deposit deed · Created 15 Apr 1991 · Satisfied 8 Apr 1995
SatisfiedHambro Group Investments Limited
Fixed and floating charge debenture · Created 22 Dec 1989 · Satisfied 19 Sep 1992
SatisfiedBarclays Bank PLC
Debenture · Created 23 Dec 1987 · Satisfied 26 Aug 2000
SatisfiedHambros Bank Limited
Single debenture · Created 23 Dec 1987 · Satisfied 30 Dec 1998
SatisfiedHambros Bank Limited
Single debenture · Created 2 Apr 1986 · Satisfied 8 Apr 1995
What happened
EventDateType
Removal of liquidator by court order9 March 2026LIQ10
Liquidators' statement of receipts and payments10 October 2025LIQ03
Liquidators' statement of receipts and payments8 October 2024LIQ03
Termination of appointment as a director17 April 2024TM01 Termination of appointment as a director29 August 2023TM01 +230 earlier events · 1986 to 2023
Appointment of a voluntary liquidator22 August 2023600
Notice of move from Administration case to Creditors Voluntary Liquidation9 August 2023AM22 Change of details as a person with significant control25 May 2023PSC05 Change of name notice24 March 2023CONNOT
Certificate of change of name24 March 2023CERTNM Administrator's progress report10 March 2023AM10 Administrator's progress report2 September 2022AM10 Notice of extension of period of Administration26 July 2022AM19
Administrator's progress report9 March 2022AM10 Termination of appointment as a director22 November 2021TM01 Termination of appointment as a director22 November 2021TM01 Administrator's progress report8 September 2021AM10 Notice of extension of period of Administration22 July 2021AM19
Administrator's progress report16 March 2021AM10 Statement of administrator's proposal2 March 2021AM03 Statement of affairs17 December 2020AM02 Result of meeting of creditors5 October 2020AM07
Registered office address changed22 September 2020AD01 Statement of administrator's proposal11 September 2020AM03 Appointment of an administrator24 August 2020AM01 Confirmation statement made with no updates7 April 2020CS01 Second filing for the appointment as a director13 November 2019RP04AP01
Full accounts made up4 October 2019AA Appointment as a director11 September 2019AP01 Termination of appointment as a director11 September 2019TM01 Confirmation statement made with updates8 April 2019CS01 Termination of appointment as a director24 January 2019TM01 Appointment as a director16 January 2019AP01 Cessation as a person with significant control17 December 2018PSC07 Notification as a person with significant control17 December 2018PSC02 Full accounts made up6 October 2018AA Secretary's details changed2 October 2018CH03 Director's details changed2 October 2018CH01 Termination of appointment as a secretary17 August 2018TM02 Appointment as a secretary17 August 2018AP03 Termination of appointment as a director7 August 2018TM01 Appointment as a director11 June 2018AP01 Confirmation statement made with updates13 April 2018CS01 Full accounts made up7 October 2017AA Director's details changed3 August 2017CH01 Termination of appointment as a director3 August 2017TM01 Appointment as a director31 July 2017AP01 Appointment as a director23 June 2017AP01 Termination of appointment as a director23 June 2017TM01 Appointment as a director23 June 2017AP01 Registration of charge , created11 May 2017MR01 Satisfaction of charge in full11 May 2017MR04 Appointment as a secretary25 April 2017AP03 Termination of appointment as a secretary25 April 2017TM02 Confirmation statement made with updates4 April 2017CS01 Full accounts made up15 June 2016AA Annual return made up with full list of shareholders13 April 2016AR01 Auditor's resignation17 November 2015AUD
Auditor's resignation23 September 2015AUD
Full accounts made up4 September 2015AA Registered office address changed8 June 2015AD01 Appointment as a director6 May 2015AP01 Termination of appointment as a director6 May 2015TM01 Termination of appointment as a director6 May 2015TM01 Director's details changed15 April 2015CH01 Director's details changed14 April 2015CH01 Annual return made up with full list of shareholders14 April 2015AR01 Appointment as a director23 December 2014AP01 Termination of appointment as a director22 December 2014TM01 Full accounts made up19 September 2014AA Annual return made up with full list of shareholders9 April 2014AR01 Memorandum and Articles of Association6 November 2013MEM/ARTS
Termination of appointment as a director4 October 2013TM01 Appointment as a director19 September 2013AP01 Appointment as a director19 September 2013AP01 Termination of appointment as a director19 September 2013TM01 Full accounts made up27 August 2013AA Satisfaction of charge in full2 August 2013MR04 Registration of charge2 August 2013MR01 Appointment as a director25 April 2013AP01 Annual return made up with full list of shareholders7 April 2013AR01 Full accounts made up5 September 2012AA Termination of appointment as a director24 August 2012TM01 Annual return made up with full list of shareholders24 August 2012AR01 Termination of appointment as a director2 August 2012TM01 Annual return made up with full list of shareholders30 August 2011AR01 Full accounts made up25 July 2011AA Appointment as a director31 March 2011AP01 Director's details changed11 August 2010CH01 Secretary's details changed11 August 2010CH03 Annual return made up with full list of shareholders11 August 2010AR01 Director's details changed11 August 2010CH01 Full accounts made up12 July 2010AA Appointment as a director28 April 2010AP01 Legacy2 March 2010ANNOTATION
Appointment as a director17 December 2009AP01 Full accounts made up14 October 2009AA Full accounts made up12 September 2008AA Legacy29 January 2008288a Legacy28 January 2008288b Legacy28 January 2008288a Accounts made up29 October 2007AA Legacy11 September 2007288b Legacy4 September 2007288a Legacy20 April 2007403b
Legacy24 October 2006288c Full accounts made up12 October 2006AA Legacy19 September 2006395 Legacy27 September 2005403a Legacy27 September 2005403a Legacy12 September 2005363a Legacy23 August 2005155(6)a
Full accounts made up18 June 2005AA Legacy9 September 2004363s Full accounts made up14 April 2004AA Full accounts made up18 April 2003AA Auditor's resignation31 January 2003AUD
Legacy27 November 2002395 Legacy4 September 2002363s Full accounts made up22 April 2002AA Auditor's resignation6 September 2001AUD
Full accounts made up3 September 2001AA Full accounts made up1 November 2000AA Legacy5 September 2000363s Legacy4 September 2000395 Legacy2 September 2000403a Legacy4 August 2000155(6)a
Legacy4 August 2000155(6)a
Legacy4 August 2000155(6)b
Legacy4 August 2000155(6)b
Full accounts made up21 July 1999AA Auditor's resignation14 January 1999AUD
Legacy12 January 1999155(6)a
Auditor's resignation11 January 1999AUD
Legacy30 December 1998403a Legacy30 December 1998403a Legacy30 December 1998403a Certificate of re-registration from Public Limited Company to Private23 December 1998CERT10
Legacy23 December 199853
Re-registration of Memorandum and Articles23 December 1998MAR
Full accounts made up27 July 1998AA Legacy10 September 1997288a Legacy10 September 1997288b Legacy1 September 1997288c Legacy1 September 1997363s Full accounts made up3 August 1997AA Legacy6 February 1997288b Legacy16 January 1997288b Legacy5 December 1996288c Legacy11 September 1996363s Full accounts made up20 August 1996AA Legacy11 September 1995363s Full accounts made up25 April 1995AA Legacy3 September 1994363s Full accounts made up3 July 1994AA Legacy12 December 1993287 Legacy27 September 1993363s Full accounts made up12 May 1993AA Legacy19 February 1993395 Legacy26 October 1992363s Legacy19 September 1992403a Full accounts made up4 June 1992AA Full accounts made up8 September 1991AA Legacy8 September 1991363a Memorandum and Articles of Association10 January 1991MEM/ARTS
Certificate of change of name3 January 1991CERTNM Full accounts made up15 August 1990AA Full accounts made up20 October 1989AA Full accounts made up2 November 1988AA Legacy30 December 1987395 Accounts made up9 December 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
Legacy17 July 1986REREG(U)
Miscellaneous4 February 1986MISC
Incorporation4 February 1986NEWINC What this means for you
If you are a creditor
Submit your proof of debt to the liquidator. Once liquidation begins, no creditor can start or continue legal action without the court's permission. Unsecured creditors rank after secured and preferential creditors and are usually paid last, often only a portion.
Owed money by a company in liquidation →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
Deposits paid are usually unsecured claims. Contracts may be terminated by the liquidator. Contact the liquidator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the liquidation began are an unsecured claim. Check whether any retention-of-title clause lets you identify and recover specific goods.
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 companies in creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is TU Realisations Limited in creditors' voluntary liquidation?
- Yes. TU Realisations Limited (company number 01985596) entered creditors' voluntary liquidation on 9 August 2023, by its creditors. Mark James Tobias Banfield of null was appointed as liquidator.
- Who is the liquidator of TU Realisations Limited?
- Mark James Tobias Banfield, a licensed insolvency practitioner at null, was appointed liquidator of TU Realisations Limited on 9 August 2023. Creditors can contact the liquidator directly to submit a claim.
- What does TU Realisations Limited do?
- TU Realisations Limited's registered nature of business is other service activities n.e.c. (SIC 96090).
- Where is TU Realisations Limited based?
- TU Realisations Limited's registered office is Central Square, 29 Wellington Street, Leeds, England, LS1 4DL. The registered office is the address held on the public register, which is not always the trading address.
- When was TU Realisations Limited founded?
- TU Realisations Limited was incorporated on 4 February 1986, 37 years before the liquidator was appointed.
- What is TU Realisations Limited's company number?
- TU Realisations Limited's registered company number is 01985596.
- Who has significant control of TU Realisations Limited?
- 1 active person with significant control over TU Realisations Limited is on the register: Tl Realisations Limited.
- Does TU Realisations Limited have any outstanding charges?
- an outstanding charge is registered against TU Realisations Limited out of 17 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of TU Realisations Limited?
- Liquidation is the formal wind-up of a company. Once it begins, the liquidator collects assets, settles claims in statutory order (secured, preferential, then unsecured) and distributes whatever remains. Unsecured creditors often recover only a portion of what they are owed, and sometimes nothing.
- How long does liquidation take?
- Most liquidations run for 12 to 24 months, longer where the company has complex assets, litigation, or ongoing trading. Annual progress reports are filed by the liquidator until the company is dissolved at the end of the process.
- Will creditors get paid in TU Realisations Limited's liquidation?
- Secured creditors are paid from the assets they hold a charge over. Preferential creditors (employee wages up to limits, pension contributions, HMRC for certain taxes) come next. Unsecured creditors share whatever remains, which may be nothing. The Statement of Affairs, when filed, sets out the liquidator's estimate at the point of appointment.
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