Fierce PC Limited (08971719): administration
- Status
- Administration ended
- Administration began
- 2022-10-28
- Administrators' firm
- Quantuma
- Incorporated
- 2014-04-01
- Location
- Watford
- Industry
- 26200 Manufacture of computers and peripheral equipment
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Quantuma Advisory Limited were first approached by the Company in September 2022 and
subsequently instructed on 5 October 2022.
Following a review of the financial position together with various discussions with the Directors it was established that the Company was insolvent on both balance sheet basis and cash flow basis, as the Company could not pay its debts as and when they fell due.
Administrators' statement of proposals (2023-01-03) · Companies House register