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Webquarters Group Ltd (10530142): administration

Status
Administration ended
Administration began
2020-04-27
Administrators
Paul Stanley, Amie Johnson
Administrators' firm
Begbies Traynor
Incorporated
2016-12-16
Location
Manchester
Industry
62020 Information technology consultancy activities

Why it went into administration

From the administrators' statement

The Company was incorporated on 16 December 2016 and supplied globa! IT support services relating to IFS systems. The Company purchased the assets of Totalamber Limited (“Totalamber’) by way of a prepackaged sale following the appointment of administrators over Totalamber in October 2017.

Due to the COVID-19 outbreak, the Company placed its UK staff on furlough leave through the UK governments Job Retention Scheme which formed part of its pandemic response. The Company was under pressure from a number of creditors, one having issued a winding up petition and a number of others contemplating legal action.

The Company had fallen into arrears with the Qualifying Floating Charge Holder, Zodeq, who approached Paul Stanley and Amie Johnson of Begbies Traynor to act as administrators.

Administrators' statement of proposals (2020-06-23) · Companies House register

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Webquarters Group Ltd (10530142)

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