Arlington London Limited (09016711): administration
- Status
- Administration ended
- Administration began
- 2024-07-11
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Formerly
- Montpelier Products Limited
- Incorporated
- 2014-04-29
- Location
- Watford
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
By February / March 2024, it had become apparent that the Company required funding above the leve! available to it by its bank and neither the Company nor its investors were in a position to advance the necessary funding.
A review of the Company’s cash-flow revealed that there would be insufficient working capital available to allow the Company to continue to trade in the medium term. There were no requests made to potential funders because it was considered necessary to initiate an insolvency process as soon as possible.
Quantuma Advisory Limited were first approached by the Company on 26 February 2024 and subsequently instructed on 18 March 2024.
Administrators' statement of proposals (2024-08-14) · Companies House register