Global Design Solutions Limited (05086550): administration
- Status
- Administration ended
- Administration began
- 2021-12-20
- Administrators' firm
- Quantuma
- Incorporated
- 2004-03-29
- Location
- Watford
- Industry
- 27400 Manufacture of electric lighting equipment
From the administrators' statement
3.1 Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company on 24 September 2021 to provide advice on the options available for the Company.
3.2 Following a review of the financial position by the directors it was established by them 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.
3.3
Administrators' statement of proposals (2022-02-21) · Companies House register