From the administrators' statement

As detailed in the history above, Nicholas Simmonds and Chris Newell of Quantuma Advisory Limited were first approached by the Company’s Directors in January 2025.

A letter of engagement in relation to entering an Administration process was subsequently issued and the signed version was returned on 24 February 2023.

It was agreed 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, without continued financial support.

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ATS Mini Skips Limited (09669932)

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