LTR Realisations Limited (02721033): administration
- Status
- Administration ended
- Administration began
- 2023-07-31
- Administrators
- Grace Jones, Andrew Andronikou, Duncan Robert Beat
- Administrators' firm
- Quantuma
- Formerly
- Lift Truck Rentals Limited
- Incorporated
- 1992-06-08
- Location
- Southampton
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
From the administrators' statement
3.1 Parker Andrews Ltd were approached on 21 February 2023 to advise in relation to potential options available to the Company should the aforementioned sale not be concluded as hoped.
3.2 It was explored whether a Pre-Pack Administration would be an appropriate course of action to have the more beneficial outcome. A cash flow analysis has been completed on a regular basis to ensure the best adivce was being given to the directors. Subsequently, it was determined that the Company was insolvent an the best option was for them to enter into Administration and Quantuma Advisory Limited and Parker Andrews were formerly appointed.
3.3 No Moratorium under Part Al of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-09-25) · Companies House register