Grosvenor Bridging Loans Limited (08247120): administration
- Status
- In administration
- Administration began
- 2023-09-25
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Incorporated
- 2012-10-10
- Location
- Herts
- Industry
- 64929 Other credit granting n.e.c.
From the administrators' statement
Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company in April 2023.
Following a review of the financial position together with initial discussions with Mr Green, 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. After a further review of Company records as well as discussions with Mr Green, it was subsequently decided that it was best to place the Company into Administration.
Nicholas Simmonds of Quantuma Advisory Limited, proposed Administrator issued a formal letter of engagement to the Company’s Director, Andrew Green on 11 September 2023. It was signed and returned on the 11 September 2023.
Administrators' statement of proposals (2023-11-22) · Companies House register