Business advisory firm Quantuma has completed the sale of shares in the French subsidiary of Movveo Limited
On 16 May 2019, Graham Randall and Mark Roach were appointed as Joint Administrators of Movveo Limited, a Woking-based specialist in Lift Design Solutions.
In a deal that maintained the French subsidiary and allowed it to continue to trade under the expertise of its local employees, the shares were sold to the management team at France SA along with the website movveo.fr.
Graham Randall, Partner at Quantuma, said: “After being appointed as administrators the UK entity ceased trading, we worked hard with Movveo’s French counterpart to achieve a successful transfer of the shares. The transaction required expert advice and opinion from both UK and French lawyers as a result of the differing company law regulations in France - we wish Movveo SA every success for the future.”