# SPV 1234 Limited (04517897)

> Why UK company 04517897 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04517897

- **Status:** Administration ended
- **Administration began:** 2020-10-30
- **Administrators' firm:** Quantuma
- **Formerly:** Pixipixel Limited; Toby Newman Photography Limited
- **Incorporated:** 2002-08-23
- **Location:** Town Quay
- **Industry:** 74201 Portrait photographic activities

## Why it went into administration

- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

_Quantuma Advisory Limited were first approached by the Company on 18 June 2020 and subsequently instructed on 6 July 2020. The proposed administrators worked with the Company's management to carry out a valuation and marketing exercise with a view to finding a purchaser for the Company's business and assets.

In order to protect the Company from legal action and preserve the value of its business and assets it was necessary to file a total of three notices of intention to appoint; the first on 25 September 2020, the second on 9 October, and the third on 23 October 2020. it was not our intention to file three notices however there was late interest in the business from a competitor and actions was therefore taken to extend the moratorium and enable this interest to be progressed.

A sale of the Company’s business and assets was achieved immediately following the appointment of Joint Administrators on 30 October 2020.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04517897/filing-history/MzI4MzI0MjY4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04517897

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