From the administrators' statement

3.1 During July 2026, the Directors sought insolvency advice due to increasing creditor pressure from HM Revenue & Customs, landlords and suppliers. The Company was also experiencing significant cash flow difficulties and was unable to meet its liabilities as they fell due, including experiencing difficulties in paying employees on time, placing the business at significant risk of ceasing to trade.

3.2 Having carefully considered the available options, including the Company's immediate liquidity requirements and the interests of creditors, the Directors concluded that the appointment of administrators represented the most appropriate course of action. This would provide the best opportunity to preserve the value of the business, facilitate a sale of the Company's operations as a going concern where possible and achieve the best outcome for creditors.

3.3. The Directors subsequently instructed Parker Andrews Ltd to advise the Company and commenced an accelerated marketing process to seek a purchaser for the business and assets.

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Attosure Ltd (10708051)

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