Quantum 4 International Limited (11866117): administration
- Status
- Administration ended
- Administration began
- 2023-08-31
- Administrators
- Louise Williams, Trevor John Binyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2019-03-07
- Location
- Milton Keynes
- Industry
- 74100 specialised design activities
Why it went into administration
- Competition / price pressure
From the administrators' statement
It was agreed to conduct an accelerated sale process to find a buyer for the business. The only offer received was from the management, but it was not possible to progress this offer to a formal transaction.
Statutory information on the Companies and extracts from the most recent accounts are provided at Appendix ll. Please note that this information has not been verified by the Joint Administrators or by Opus Restructuring LLP.
The director had anticipated that a pre-packaged sale of the businesses would be concluded in order to maximise the return to creditors. However, when it became clear that a sale could not be agreed, and the only option was to place both Companies into Administration.
Administrators' statement of proposals (2023-10-27) · Companies House register