Aerospace company Liquidation

Quantuma lead the aerospace company liquidation of Aerospace Technical Limited.

Overview:

  • Company bought and overpaid for a specialist engineering division
  • Dispute with vendor prompted close down after only 6 months

Investment:

  • ABL £108K
  • Crown £520K
  • Trade £135K
  • Employees £100K
  • Director £135K

Outcomes:

  • Substantial WIP & debtors recovered
  • Plant sold at more than book value
  • ABL fully repaid
  • Litigation against vendor successful

 

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