24 Live UK Limited (08433977): administration
- Status
- Administration ended
- Administration began
- 2021-07-23
- Administrators
- Michael Kiely, Andrew Andronikou
- Administrators' firm
- Quantuma
- Incorporated
- 2013-03-07
- Location
- London
- Industry
- 60200 Television programming and broadcasting activities
Why it went into administration
- Regulatory change or action
From the administrators' statement
3.1
Quantuma Advisory Limited (“Quantuma’) was first approached by the Company in August 2020 where initially a Company Voluntary Arrangement (“CVA”) was explored. This CVA was ultimately not considered to be required by the Company’s director. Subsequently the Company approached Quantuma to assist with placing the Company into Creditors’ Voluntary Liquidation and as such, Quantuma was instructed on 28 May 2021. It was then decided that given the assets of the Company, an Administration would enable a more orderly sales process and debtor collection process than a liquidation. As a result, the Company was placed into Administration on 23 July 2021.
3.2
Administrators' statement of proposals (2021-09-21) · Companies House register