IFL Realisations Limited (06903748): administration
- Status
- Administration ended
- Administration began
- 2021-06-15
- Administrators
- Francis F A Wessely, Christopher Newell
- Administrators' firm
- Quantuma
- Formerly
- Innovation 1ST Limited
- Incorporated
- 2009-05-13
- Location
- Maidenhead
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
3.1 Quantuma Advisory Limited (“Quantuma’”) acted as advisors to the Board of Directors in relation to the options for the Company.
3.2 The Company would have required significant funding in order to provide stability. The Directors were not in a position to personally provide funding themselve and both Close Brothers Invoice Finance Limited (“Close Brothers”) and HSBC Bank Plc (“HSBC”) were reluctant to provide any further funding.
3.3
Administrators' statement of proposals (2021-06-29) · Companies House register