QA D Networks Ltd (07090851): administration
- Status
- Administration ended
- Administration began
- 2022-12-15
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Incorporated
- 2009-11-30
- Location
- Watford
- Industry
- 26110 Manufacture of electronic components
From the administrators' statement
Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company in November 2022 to provide advice on the options available to the Company.
Following a review of the financial position by the director it was established 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.
Mr Nicholas Simmonds of Quantuma Advisory Limited, proposed Joint Administrator, issued a formal letter of engagement on 22 November 2022. It was signed and returned on the same date.
Administrators' statement of proposals (2023-02-15) · Companies House register