W&C 2023 Limited (00296591): administration
- Status
- Administration ended
- Administration began
- 2023-02-02
- Administrators
- Carl Stuart Jackson, Kelly Mitchell
- Administrators' firm
- Quantuma
- Formerly
- Williams & Co (Southampton) Limited; N.Williams & Co.(Southampton)Limited
- Incorporated
- 1935-01-28
- Location
- Southampton
- Industry
- 25620 Machining
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
From the administrators' statement
Quantuma were approached by the director, David Fripp, on 24 January 2023 to seek advice with regard to the sale of the business and assets. He informed us that the business had temporarily ceased trading following a police raid, whereby it transpired that illegal activity had been conducted from some office space, allegedly by an informal tenant.
Prior to this approach, Quantuma has been instructed on an advisory basis to review the financial affairs of the Company, following an informal request from a lender. This led to Quantuma assisting the director with securing a time to pay arrangement with HMRC in 2022.
Following an onsite meeting on 26 January 2023, Quantuma were subsequently instructed to assist with an Administration process.
Administrators' statement of proposals (2023-04-11) · Companies House register