Pre-pack Administration of Railway Signalling Design Consultancy

Quantuma achieve the successful pre-pack administration of railway signalling design consultancy, DEG Signal Limited.

Overview:

  • Railway signalling design consultancy
  • Delays in commencing significant projects led to cash flow difficulties
  • Notice of Intention to appoint Administrators filed in response to increasing HMRC winding up threat

Investment:

  • ID line of £210k
  • Secured creditor loan £220k

Outcomes:

  • Business and assets sold to management securing all 18 jobs following an accelerated sale process
  • Lloyds Bank Commercial Finance repaid in full
  • Lloyds Bank expected to recover indebtedness in full
  • Freehold property currently on the market with Paragon Finance estimated to recover its debt in full

 

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