R&Q Central Services Limited (04179375): administration
- Status
- Administration ended
- Administration began
- 2024-07-25
- Administrators
- Michael William Jerome Tagg, David Philip Soden, Ian Colin Wormleighton
- Administrators' firm
- Teneo
- Formerly
- R&Q Consultants Limited; Randall & Quilter Consultants Limited; Copcrest Consultants Limited
- Incorporated
- 2001-03-14
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company is registered in the UK, its immediate parent company is R&Q |S Holdings Limited (registered in the UK) and ultimate parent company is R&Q Insurance Holdings Limited (in provisional liquidation) (registered in Bermuda) (“RQIH”).
The Company operates in the UK and acts as the principal service company (alongside R&Q Solutions LLC and R&Q Services Bermuda Ltd) for RQIH and its subsidiaries, including a large number of regulated insurance companies (together “the Group”). As such, its employees have responsibilities for insurance related activities in geographies that include the USA, Bermuda, UK, the Channel Islands and the Cayman Islands. Its principal source of income is intercompany recharges.
At Appendix 2 (Appendix 2 — Summarised Group structure and financial information) we have included a group structure chart (at the date of our appointment) along with extracts from the Company’s audited accounts.
Administrators' statement of proposals (2024-09-20) · Companies House register