{"name":"BUPL REALISATIONS LIMITED","company_number":"SC201867","status":"In Administration","type":"Private Limited Company","incorporated":"1999-11-19","dissolved":null,"registered_office":"Clyde Office, 48 West George Street, Glasgow, United Kingdom, G2 1BP","postcode":"G2 1BP","sic_codes":[{"code":20420,"description":"Manufacture of perfumes and toilet preparations"}],"principal_activity":null,"previous_names":[{"name":"BARONY UNIVERSAL PRODUCTS LIMITED","changed_on":"2025-10-20"},{"name":"BARONY UNIVERSAL PRODUCTS PLC","changed_on":"2025-04-29"},{"name":"SHORTLEES PLC","changed_on":"2000-01-19"}],"warnings":["The annual accounts for this company are overdue.","The confirmation statement for this company is overdue."],"accounts":{"category":"Group","year_end":"31 December","last_made_up_to":"2023-12-31","next_due":"2025-09-30"},"employees":null,"financials":[{"financial_date":"2023-12-31","net_assets":-1463,"cash":140},{"financial_date":"2022-12-31","net_assets":-3554,"cash":523},{"financial_date":"2021-12-31","net_assets":-129,"cash":163},{"financial_date":"2020-12-31","turnover":59980,"net_assets":-394,"cash":357}],"officers":{"current":4,"resigned":38,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":1},"gazette_notices":[{"date":"2025-11-12","kind":"insolvency"},{"date":"2025-10-08","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"BUPL Realisations Limited (formerly Barony Universal Products PLC) was a significant UK aerosol contract manufacturer that achieved record turnover of £118.8 million in 2023 but operated with a fundamentally fragile capital structure, characterised by persistent negative net assets and profit margins well below sector norms. The company's collapse into administration was driven primarily by its entanglement with sanctioned Russian lender VTB Bank, which created an unresolvable refinancing crisis when loan facilities matured in March 2024, compounded by chronic under-capitalisation that left no buffer against external shocks. Despite possessing genuine competitive assets—including a COMAH-licensed manufacturing site and meaningful scale in private label personal care—the business exemplifies how balance sheet weakness can overwhelm operational capability in a thin-margin, capital-intensive manufacturing sector.","website":"https://baronyuniversal.com/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/bupl-realisations","people":"https://www.companiesintheuk.co.uk/company/bupl-realisations/people","filing_history":"https://www.companiesintheuk.co.uk/company/bupl-realisations/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC201867","financials":"https://www.companiesintheuk.co.uk/company/bupl-realisations/financial","gazette":"https://www.companiesintheuk.co.uk/company/bupl-realisations/gazette","control":"https://www.companiesintheuk.co.uk/company/bupl-realisations/control","charges":"https://www.companiesintheuk.co.uk/company/bupl-realisations/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/bupl-realisations/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/bupl-realisations/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/bupl-realisations"}