companydig

Werrens Ltd (09996192): administration

Status
Administration ended
Administration began
2021-12-07
Administrators
Christopher Newell, Joann Leach
Administrators' firm
Quantuma
Incorporated
2016-02-09
Location
Maidenhead
Industry
45200 Maintenance and repair of motor vehicles

From the administrators' statement

3.1 Quantuma Advisory Limited (“Quantuma’”) acted as advisors to the director in March 2021 to assist with a response to a raft of information including financial forecasts by the Company's qualifying floating charge holder, Metro Bank ple.

3.2 A Company Voluntary Arrangement was not deemed viable as without securing additional funding and an immediate injection of cash into the business, the director was not confident that the Company would be successful in trading through its difficulties.

3.3

Administrators' statement of proposals (2022-01-24) · Companies House register

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Werrens Ltd (09996192)

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