Envin Sensing Solutions Limited (13855519): administration
- Status
- Administration ended
- Administration began
- 2025-04-30
- Administrators
- Jeremy Nigel Ian Woodside, Tracey Lee Pye
- Administrators' firm
- Quantuma
- Incorporated
- 2022-01-18
- Location
- Manchester
- Industry
- 71122 Engineering related scientific and technical consulting activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 The directors originally met with Quantuma for advice in August 2024 as a formal sale of the business was showing signs of stalling. KBS Corporate were instructed to market the Company for some time, and discussions were ongoing at that time with a number of interested parties. An offer was subsequently accepted from one of the Company’s customers; however, this was later withdrawn.
3.2 No further acceptable offers were received, largely due to challenging market conditions, uncertainty around future trading, and the working capital requirements of the business, which deterred potential buyers.
3.3 With no viable options available, the directors determined that the Company was unable to pay its debts as they fell due. As a result, they appointed Jeremy Woodside and Tracey Pye as Joint Administrators on 30 April 2025, in order to protect the value of the business and achieve the best possible outcome for creditors.
Administrators' statement of proposals (2025-06-24) · Companies House register