The 79TH GRP Client Ltd (05324269): administration
- Status
- In administration
- Administration began
- 2025-05-06
- Administrators
- Robert Goodhew, Andrew Gordon Stoneman, Jeremy Nigel Ian Woodside, Tracey Lee Pye
- Administrators' firm
- Kroll
- Formerly
- Watever Developments Ltd
- Incorporated
- 2005-01-05
- Location
- Manchester
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
3.1
3.2
In the period leading up to the administrations, the Group had encountered increasing financial pressure and liquidity constraints. On 10 April 2025 the Group engaged Quantuma Advisory Limited to undertake a review of its short term cashflow posiion and provide advice as to the options available to the holding company, its subsidiaries and its directors in light of UK insolency law.
Administrators' statement of proposals (2025-07-14) · Companies House register