Fulcrums

Troy (UK) Limited

Wholesale · £231M turnover · Administration, February 2025 · Companies House #07311366

£231M turnover wholesale group. The Fulcrums distress model crossed the HIGH band 13 months before administration, peaking at a distress score of 0.081. Multiple director resignations and adverse filing patterns built up over the same window.

Signals detected

The pattern, in order.

  1. 1

    2 director resignations 23 to 20 months before failure

  2. 2

    New charge to Santander UK PLC 19 months before failure

  3. 3

    Second Santander UK PLC charge (security trustee) 13 months before failure

  4. 4

    Accounts filed 1 day late, 4 months before failure

  5. 5

    Net assets reached £9.2M at the lowest point in the window

  6. 6

    Distress score crossed into HIGH band 406 days before failure (peak 0.081)