Administration & liquidation of security services to local authorities

Quantuma handles the security services liquidation and investigation of IMG Security Limited.

Overview:

  • Security services to local authorities with a turnover of £1M

Investment:

  • ABL – £96K
  • HMRC – £700K

Outcomes:

  • Business & assets sold to preserve debtor recovery prospects
  • ABL fully repaid
  • Investigation showed directors had made improper withdrawals
  • Proceedings issued and all sums recovered

 

For more information on Administrations, please click here