Massive Analytic Limited (07137975): administration
- Status
- Administration ended
- Administration began
- 2023-12-22
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Formerly
- Massive Analytics Limited
- Incorporated
- 2010-01-27
- Location
- Watford
- Industry
- 62012 Business and domestic software development
From the administrators' statement
As detailed in the history above, Nicholas Simmonds and Chris Newell of Quantuma Advisory Limited were first approached by the Company’s Directors in October 2022.
A letter of engagement in relation to entering an Administration process was subsequently issued on 27 February 2023 following various discussions. It was signed and returned on the same date.
It was agreed 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.
Administrators' statement of proposals (2024-02-22) · Companies House register