Orla Healthcare Ltd (07924658): administration
- Status
- Administration ended
- Administration began
- 2017-05-04
- Administrators
- Graham David Randall, Simon Campbell
- Administrators' firm
- Quantuma
- Incorporated
- 2012-01-26
- Location
- Bristol
- Industry
- 86900 Other human health activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The events leading to Administration and the involvement of Quantuma are set out in section 2 above. The decision to place the Company into administration was made following the collapse of negotiations to sell the Company's shares, when the directors concluded that the Company would have insufficient cash to continue trading whilst seeking an alternative purchaser.
Pursuant to Schedule 81 of the Insolvency Act 1986
3.2
Administrators' statement of proposals (2017-07-06) · Companies House register