J A FOX Ltd (10986918): administration
- Status
- Administration ended
- Administration began
- 2023-07-13
- Administrators' firm
- Quantuma
- Incorporated
- 2017-09-28
- Location
- Watford
- Industry
- 02400 Support services to forestry
From the administrators' statement
As briefly detailed above, Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company in March 2023 and subsequently instructed to help draft a Proposal for a Company Voluntary Arrangement (“CVA”) in April 2023. Whilst in the process of putting together the Proposals, including assessing the viability of the Company being able to continue to trade and producing an estimate outcome to creditors, the Company’s financial circumstances changed and it was not guaranteed that the contracts would be renewed with the Company and therefore a CVA was no longer considered a viable option for the Company.
Due to the change in circumstances, further advice was provided to the Directors in relation to the financial position of the Company and Quantuma Advisory Limited were formally instructed to assist the Directors’ with. placing the Company into Administration on 9 June 2023.
During this time, the insolvency practitioners of Quantuma Advisory Limited took their own steps to prepare for their potential appointment as Joint Administrators. At this
Administrators' statement of proposals (2023-09-15) · Companies House register