Safeguard SVP Limited (03557203): administration
- Status
- Administration ended
- Administration began
- 2023-03-29
- Administrators' firm
- Quantuma
- Formerly
- Safeguard Vehicle Systems Limited
- Incorporated
- 1998-05-01
- Location
- Brighton
- Industry
- 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)
From the administrators' statement
3.1 Quantuma Advisory Limited were first approached by the Company on 9 March 2023 and subsequently instructed on 20 March 2023.
3.2 A Moratorium under Part A1 of the Act came into force on 22 March 2023 and ended on 29 March 2023. The purposes for which the Moratorium was entered into were to preserve the assets and halt any creditor action from being taken whilst an accelerated marketing and sale of assets could be achieved. The Moratorium achieved this, and assisted with the successful pre-pack sale of the business.
3.3. Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.
Administrators' statement of proposals (2023-04-17) · Companies House register