PipeHawk PLC Appointment of Administrators to QM Systems
July 16 2024 - 2:00AM
RNS Regulatory News
RNS Number : 4864W
PipeHawk PLC
16 July 2024
16 July
2024
PipeHawk
plc
("PipeHawk", "Company" or the "Group")
Appointment of Administrators
to
QM Systems Limited
PipeHawk announces that, further to
the Group's announcement on 12 July 2024, the Group has appointed
RSM UK Restructuring Advisory LLP as administrators to QM Systems
Limited ("QM"), a subsidiary of PipeHawk. Further announcements
will be made in relation to the administration of QM as
appropriate.
Information on QM Systems Limited
QM is a turnkey provider of
automation, test and manufacturing systems to all industries, also
known as a machine builder and also offers contract manufacturing
services. For the financial year ended 30 June 2023, QM generated
approximately £4.2 million in revenues (representing approximately
65% of the Group's revenue for that year) and reported a loss after
tax of approximately £970k. As at 30 June 2023, QM had total assets
of approximately £4.7 million.
-Ends-
Enquiries:
|
PipeHawk plc
Gordon Watt (Chairman)
|
Tel. No. 01252 338 959
|
|
Allenby Capital Limited (Nomad and Broker)
|
Tel. No. 020 3328 5656
|
David Hart / Vivek
Bhardwaj
For further information on the
Company and its subsidiaries, please visit:
www.pipehawk.com
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