From the administrators' statement

The Company’s director was referred to Quantuma Advisory Limited by Shona Keith from Your Right Hand Finance Team Ltd on 06 June 2023 to help advise on the options available for the Company, as it was deemed to be insolvent.

Following a review of the financial position together with various discussions with the Directors it was established that the Company was insolvent on both balance sheet basis and cash flow basis, as the Company could not pay its debts as and when they fell due.

It had been decided to place the Company into Administration via a pre-packaged administration sale as there was insufficient working capital and no prospect of persuading new funding to allow medium-term trading to continue in order that the business and assets could be exposed thoroughly to the market.

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Processing now

Oxford Content and Communications Ltd (12408774)

Export CSV