Camm & Hooper Waterloo Ltd (14900192): administration
- Status
- In administration
- Administration began
- 2025-03-13
- Administrators
- Brian Burke, Marc Norman
- Administrators' firm
- Quantuma
- Incorporated
- 2023-05-29
- Location
- Brighton
- Industry
- 56210 Event catering activities
Why it went into administration
- Parent or group failure
From the administrators' statement
3.1 The Group reported turnover of £10.5m in 2024, having invested in expanding its portfolio of event spaces in recent years, The prevailing market conditions resulted in a slower than anticipated return on investment and the Group began to encounter cashflow issues. As a result, it explored raising new equity, whilst also seeking a buyer. Although a sale was progressed that would have resulted in additional working capital being injected into its trading businesses, and negotiations had reached an advance stage, the sale unfortunately fell through, and the business was unable to restructure outside of a formal insolvency process.
3.2 The Company therefore instructed Quantuma Advisory Limited in February 2025, to assist with placing the Company and two other groups in the wider Company into Administration.
3.3. SIA Asset Ingenuity Ltd (“SIA”) were instructed on 4 February 2025 to assist with marketing and arranging for a sale of the business and assets of the Company.
Administrators' statement of proposals (2025-04-02) · Companies House register