# Oairo Alliance Limited (10521932)

> Why UK company 10521932 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10521932

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10521932/filing-history/MzM4NTAzNDU4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10521932

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.