From the administrators' statement

3.1 Quantuma was initially approached by the Company’s director, David Standing on 12 June 2025 to advise on the options available for the Company, as it was deemed to be insolvent.

3.2 On 19 June 2025, Quantuma was formally engaged to assist with the Administration of the Company and for the appointment of Joint Administrators.

3.3 Prior to the Joint Administrators’ appointment, a review of ethical issues was undertaken and the following potential conflict of interest was identified:

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