Quadrant Number 1 Limited (10595300): administration
- Status
- Administration ended
- Administration began
- 2024-06-21
- Administrators
- Chad Griffin, Michelle Marie Elliot
- Administrators' firm
- FRP Advisory
- Formerly
- Quardrant Number 1 Limited; Unicorn Number 1 Limited; Undefeated Number 1 Limited; Flotilla Number 2 Limited; Trafalgar Flotilla Limited
- Incorporated
- 2017-02-01
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company which operates in the services office industry, was incorporated on 1 February 2017. The sole Director on appointment was Emma Kayne and she subsequently resigned on 24 June 2024, 3 days after appointment. Ms. Kayne is also the 100% shareholder of the company, following the transfer of 500 ordinary shares from Carl Brown on 2 February 2024. Since incorporation, there have been multiple changes in Directors and the allocation of shares.
The Secured Lender provided funding to the Company to acquire the property at New Alderston House, Dove Wynd, Strathclyde Business Park, Bellshill, ML4 3FB. The funding was secured by floating charge created 30 August 2023 and delivered on 8 September 2023. A standard security over the Property was created 8 September 2023 and delivered 27 September 2023. Dreadnought provided a corporate guarantee on the loan, however Dreadnought was subject to a winding up order dated 13 September 2023.
There appears to be a lease in place over the Property between the Company and Remus and we understand there are a number of sub-leases in place.
Administrators' statement of proposals (2024-08-15) · Companies House register