Oairo Alliance Limited (10521932): administration
- Status
- Administration ended
- Administration began
- 2023-05-09
- Administrators' firm
- Quantuma
- Incorporated
- 2016-12-12
- Location
- Maidenhead
- Industry
- 43290 Other construction installation
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 The appointment of the Joint Administrators stems from a Court Judgement brought about by an aggrieved investor. The Court awarded the claimants c.£500k. The Company was unable to afford this or the legal costs associated with the claim.
3.2 The director then sought to protect the Company and its assets. Chris Newell of Quantuma Advisory Limited was first approached on 25 April 2023 and subsequently instructed on 5 May 2023
3.3
Administrators' statement of proposals (2023-07-11) · Companies House register