Advanced Analysis and Integration Ltd (04239001): administration
- Status
- Administration ended
- Administration began
- 2017-04-28
- Administrators
- Stephen Gerard Clancy, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2001-06-21
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
On the 22 February 2017, Duff & Pheips were asked to attend a meeting and provide their advice on the options available to the Company and the implications for the Directors.
Following a review of the Duff & Phelps internal compliance and completion of a statutory conflict of interest review, Stephen Clancy of Duff & Phelps met with management.
Following this meeting, Duff & Phelps were engaged to assist in placing of the Company into Administration on 27 March 2017. The Directors believed that this would be the best option in order to try to rescue the business and secure employment of staff.
Administrators' statement of proposals (2017-06-30) · Companies House register