# Raft Limited (03708844)

> Why UK company 03708844 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03708844

- **Status:** In administration
- **Administration began:** 2025-07-14
- **Administrators:** Christopher Newell, Nicholas Simmonds
- **Administrators' firm:** Quantuma
- **Incorporated:** 1999-02-05
- **Location:** Watford
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## From the administrators' statement

As detailed in the history above, Nicholas Simmonds and Chris Newell of Quantuma Advisory Limited were first approached by the Company's Directors in April 2025.

A letter of engagement in relation to entering an Administration process was subsequently issued and the signed version was returned on 28 April 2025.

It was agreed 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03708844/filing-history/MzQ3OTcxNTY2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03708844

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.