Mantisson Limited (01160348): administration
- Status
- Administration ended
- Administration began
- 2022-11-04
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Incorporated
- 1974-02-15
- Location
- Watford
- Industry
- 41100 Development of building projects
From the administrators' statement
Quantuma Advisory Limited were first approached by the Company in August 2022 and subsequently instructed on.31 October 2022.
Following a review of the financial position by the directors it was established by them that the Company was insolvent on both a balance sheet basis and on a cash flow basis, as the Company could not pay its debts as and when they fell due, without continued financial support.
Nicholas Simmonds of Quantuma Advisory Limited, proposed Joint Administrator, issued a formal letter of engagement on 28 October 2022. It was signed and returned on 31 October 2022. A Notice of Intention to Appoint Administrators (NOIA) was signed by the Company’s director and filed in Court on 1 November 2022. It was subsequently served on relevant parties including the Qualifying Floating Charge Holder, details of which are provided later in these proposals.
Administrators' statement of proposals (2023-01-06) · Companies House register