Medispa Technologies Limited (08804201): administration
- Status
- Administration ended
- Administration began
- 2017-12-22
- Administrators' firm
- Quantuma
- Incorporated
- 2013-12-05
- Location
- Brighton
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Sustained trading losses
From the administrators' statement
3.1 As stated above, the director was orginally referred to Quantuma LLP by the Company's solictors, Ashfords LLP On 6 December 2017 Quantuma LLP were Instructed to advise on the options available for the Company as it would not be able to continue trading beyond 2017 without further financial support.
Agents were instructed to undertaken a valuation of the assets and to assist in a sale of the business and/or assets. The Company’s solicitors had prepared a data room with documents relating to the business and assets and, upon provision of a nondisclosure agreement, potential purchasers were provided access to these documents.
Marketing was undertaken for a period of two weeks because the business was scheduled to close over the festive period (from 21 December 2017 to 2 January 2018) and if a sale was not agreed before this date the Company would have to cease trading
Administrators' statement of proposals (2018-01-17) · Companies House register