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.
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Enquiries: |
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PipeHawk plc |
Tel. No. 01252 338 959 |
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Gordon Watt (Chairman) |
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Allenby Capital Limited (Nomad and Broker) |
Tel. No. 020 3328 5656 |
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David Hart / Vivek Bhardwaj |
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com
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Pipehawk plc published this content on 16 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2024 09:28:22 UTC.