QIL Realisations Limited (10213384): administration
- Status
- Administration ended
- Administration began
- 2021-09-20
- Administrators
- Lee De'Ath, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Formerly
- Q International Limited
- Incorporated
- 2016-06-03
- Location
- Colchester
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Companies operated as a provider of accommodation solutions, through access to the Companies own serviced apartment portfolio and a network of partner operators’ apartments. The Companies operated as collective Group of Companies. QAU operated as the main trading Company within the Group and aii trade sales and liabilities were recorded through the accounts of QAU.
The position regarding teases and liabilities the Companies are intrinsically linked.
{n recent years the Group has seen turnover and profits increase with audited accounts to 314 December 2019 reporting a turnover of £19m and profit of £709k.
Administrators' statement of proposals (2021-11-23) · Companies House register