Eastern Atlantic Helicopters enters Administration

Eastern Atlantic Helicopters enters Administration

26-Sep-2022

The notice below in italics was published (here) in The Gazette, an official UK website.  In the UK, “Administration” is a phase in a company enters a legal process with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.

The administration puts in place a statutory moratorium. This is a ‘breathing space’ that frees a company from creditor enforcement actions, while financial restructuring plans are prepared to rescue the company as a going concern where possible.

This may take the form of a sale to an unrelated party. If it cannot be reasonably saved, the administrator will aim to achieve a better return for creditors than would be likely if the company were wound up (without first being in administration).  For example, the company may continue to trade for a period, while seeking a sale of the business or assets


Appointment of Administrators

In the High Court of Justice

Business and Property Courts of England and Wales (Insolvency & Companies List) Court Number: CR-2022-002621

EASTERN ATLANTIC HELICOPTERS LIMITED

(Company Number 04006527)

Nature of Business: Other retail sale not in stores, stalls or markets

Registered office: Unit 15b Shoreham Airport, Shoreham-By-Sea West Sussex, BN43 5PA and it is in the process of being changed to High Holborn House, 52 – 54 High Holborn, London, WC1V 6RL

Principal trading address: Unit 15b Shoreham Airport, Shoreham-By-Sea, West Sussex, BN43 5PA

Date of Appointment: 12 September 2022

Names and Address of Administrators: Andrew Andronikou (IP No. 8806) and Michael Kiely (IP No. 9617) both of Quantuma Advisory Limited, High Holborn House, 52-54 High Holborn, London, WC1V 6RL

For further details, please contact Ellis Brealey on 020 3856 6720 or by email at ellis.brealey@quantuma.com

, , ,

Copyright © 2022 HeliHub

Website by Design Inc

Helihub logo

X