IP REALISATIONS 2025 LIMITED

Risk Rating: HIGH The company is explicitly listed as "In Administration," indicating severe insolvency and an inability to meet its financial obligations. The recent change of the company name from INSTINCTIF PARTNERS LIMITED to IP REALISATIONS 2025 LIMITED (a standard UK insolvency convention) confirms that this legal entity is being managed by administrators for the purpose of realizing assets and winding down operations. For any investor or creditor, the risk of capital loss in this specific entity is absolute.

Key Concerns: - Insolvency Status: The company is in Administration. By definition, this means the business has failed its solvency tests and is under the control of court-appointed administrators, prioritizing creditor repayment over shareholder value. - Entity Wind-Down: The name change to "IP REALISATIONS 2025 LIMITED" on 2025-11-10 strongly indicates that the viable trading operations and brand assets have likely been sold or transferred out of this entity. This legal shell now exists solely to liquidate remaining assets and distribute proceeds to creditors, leaving no value for equity holders. - Operational Cessation: As a realization company, it is no longer operating as a going concern. The institutional risk of engaging with this entity for future business is nil, as it cannot enter into new contracts or generate sustainable operational revenue.

Positive Indicators: - Regulatory Compliance: Despite being in administration, the company's confirmation statement is up to date (last made up 2025-07-11) and accounts are not overdue. This suggests the administrators are maintaining proper statutory filings and governance, ensuring an orderly and transparent insolvency process. - Brand Longevity: The company was incorporated in 1972 and operated successfully for decades under the College Hill and later Instinctif Partners brands. This suggests the underlying business model and brand equity hold value, even if this specific legal vehicle has failed.

Due Diligence Notes: - Administrator Filings: Investigate the Statement of Proposals and progress reports filed by the administrators. This will detail the estimated realizations for creditors and the likelihood of any returns to shareholders (typically nil in these scenarios). - Successor Entity: Determine if the trading operations of Instinctif Partners have been sold to a "NewCo" (potentially involving the existing PSCs, such as Instinctif Partners Intermediate Holdings Limited or the named individuals). If seeking exposure to this business, due diligence must be shifted entirely to the new corporate vehicle. - Historic Financial Decline: Review the last full accounts (made up to 2023-12-29) to trace the trajectory of the company's financial decline. Understanding the working capital deficits or debt structures that led to the November 2025 administration will be critical for assessing the viability of any successor business.