RRL Access Limited (07716307): administration
- Status
- In administration
- Administration began
- 2023-07-14
- Administrators
- Richard Easterby, Paul Andrew Zalkin
- Administrators' firm
- Quantuma
- Formerly
- Ramsel Renewables Limited; Ultra Energy Limited
- Incorporated
- 2011-07-25
- Location
- London
- Industry
- 43991 Scaffold erection
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 Quantuma was first approached by Select in 2020 on an informal basis in light of concerns about the Company’s ability to service its debts. At that time the Company prevented Quantuma’s advisers from engaging in any form of financial review. Select continued to monitor the position as closely as possible and sought to work with the Director to reduce the Company’s exposure.
3.2 By the first half of 2023, the situation appeared to have reached a more critical point culminating in the Company being served with a winding up petition. At that point, Select was able to secure the directors agreement to a meeting with Quantuma and advice was provided following discussion with the director, other stakeholders and professionals.
3.3 Following receipt of the advice, and on the invitation of the Directors, the Administrators were appointed on 14 July 2023 by Select under their qualifying floating charge.
Administrators' statement of proposals (2023-09-18) · Companies House register