From the administrators' statement

3.1 The Company encountered issues relating to the renewal of its Professional Indemnity Insurance (“PII”) cover. Despite attempts to renew its insurance with alternative providers, but despite its best efforts, it was ultimately unable to do so.

3.2 The Company had instructed an advisory firm to undertake a solvent sale process and despite interest and sale terms being agreed, a sale was not capable of being achieved.

3.3 The Company instructed Quantuma Advisory Limited (“QAL”) in November 2024 to carry out a review of the Company’s financial affairs and to advise on the restructuring options available to the Company.

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Lennons Solicitors Limited (06525900)

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