Swift Manufacturing Solutions Limited (07825214): administration
- Status
- Administration ended
- Administration began
- 2017-03-14
- Administrators
- Matthew Douglas Hardy, Andrew Turpin
- Administrators' firm
- Quantuma
- Incorporated
- 2011-10-27
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
| have prepared a detailed report as to the events leading up to my appointment, the rationale for the Administration and a comprehensive disclosure of the sale of the business and assets. This information is contained in my SIP 16 Report which can be found at Appendix 1.
Prior to the commencement of the Administration, Poppleton & Appleby acted as advisors to the Board as a whole, acting on behalf of the Company. No advice was given to the individual Directors regarding the impact of the insolvency of the Company or their personal financial affairs. Whilst not formally in office at that time, Poppleton & Appleby was still required to act in its dealings with the Company in accordance with the Insolvency Code of Ethics. As required by the Insolvency Code of Ethics, A Turpin and | considered the various threats to our objectivity arising from this prior involvement. We concluded that those threats were at an acceptable level such that we could still act objectively and hence could be appointed Administrators of the Company.
On 14 March, 2017, A Turpin and {| were appointed by Mr P Beynon-Thomas and Mr J Beynon-Thomas, the Directors of the Company, as Joint Administrators of the Company and took over from the Board responsibility for the management of the affairs, business and property of the Company. The appointment permitted the Joint Administrators to take any actions required either jointly or alone, and | have been the Administrator primarily involved in dealing with the Company's affairs.
Administrators' statement of proposals (2017-06-22) · Companies House register