NLT Realisations Limited (04533784): administration
- Status
- Administration ended
- Administration began
- 2023-07-31
- Administrators
- Andrew Andronikou, Duncan Robert Beat, Grace Jones
- Administrators' firm
- Quantuma
- Formerly
- Nexen Lift Trucks Limited
- Incorporated
- 2002-09-12
- Location
- Town Quay
- Industry
- 33190 Repair of other equipment
From the administrators' statement
3.1 Parker Andrews Ltd were approached on 21 February 2023 to advise in relation to potential options available to the Company should the aforementioned sale not be concluded as hoped.
3.2 It was explored whether a Pre-Pack Administration would be an appropriate course of action to have the most beneficial outcome. A cash flow analysis has been completed on a regular basis to ensure the best advice was being given to the directors. Subsequently, it was determined that the Company was insolvent and the best option was for it to enter into Administration and Quantuma Advisory Limited and Parker Andrews Limited were formally instructed on 25'* May 2023 in this regard.
3.3 No Moratorium under Part Al of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-10-04) · Companies House register