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  2. Share Prices
  3. PipeHawk Share Price
  4. PipeHawk Share Regulatory News
  5. Appointment of Administrators to QM Systems

Pin to quick picksPipeHawk Regulatory News (PIP)

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Appointment of Administrators to QM Systems

16 Jul 2024 07:00

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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END
 
 
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Date   Source Headline
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2nd Mar 20267:00 amRNSProposed disposal of Utsi Electronics Limited
24th Dec 20257:00 amRNSSale of Utsi Electronics
18th Dec 202512:12 pmRNSResult of Annual General Meeting
18th Dec 202512:12 pmRNSResult of Annual General Meeting
25th Nov 20257:00 amRNSFinal results for the year ended 30 June 2025
22nd Sep 20257:00 amRNSPassing of Non-Executive Director
14th Mar 20257:00 amRNSHalf-year Report
20th Dec 20247:00 amRNSGrant of options
19th Dec 202412:09 pmRNSResult of Annual General Meeting
19th Dec 20247:00 amRNSAGM Statement & Trading Update
28th Nov 20247:00 amRNSFinal results for the year ended 30 June 2024
26th Sep 20243:56 pmRNSConvertible Unsecured Loan Stock Update
17th Jul 202412:17 pmRNSChange of Registered Office
16th Jul 20247:00 amRNSAppointment of Administrators to QM Systems
12th Jul 20247:00 amRNSUpdate re. QM Systems Limited
11th Jul 202411:15 amRNSHoldings in Company
5th Jul 20247:00 amRNSTrading update in relation to QM Systems Limited
18th Jun 20247:00 amRNSUpdate on partnership with Unipart Rail Limited
23rd May 20247:00 amRNS£1.2 million contract award
17th May 20247:00 amRNS£0.75 million contract award
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7th May 20247:00 amRNSHolding(s) in Company
27th Mar 20247:00 amRNSHalf-year Report
29th Jan 20247:00 amRNS£0.7 million contract award with Stannah UK Ltd
27th Dec 20237:00 amRNSDirector/PDMR Shareholding
21st Dec 20233:27 pmRNSResult of AGM
29th Nov 20237:00 amRNSFinal Results for the year ended 30 June 2023
18th Oct 20237:00 amRNS£0.8 million contract award with JVM
6th Jun 20233:38 pmRNSContract award
30th Mar 20237:00 amRNSHalf-year Report
11th Jan 20233:29 pmRNSGrant of Options - replacement
11th Jan 20237:00 amRNSGrant of Options
10th Jan 20237:00 amRNSDirector dealing
22nd Dec 20221:12 pmRNSResult of Annual General Meeting
22nd Dec 20227:00 amRNSAGM Statement
29th Nov 20227:00 amRNSFinal Results for the year ended 30 June 2022
18th Nov 202210:26 amRNSDirectorate Change
20th Oct 20227:00 amRNSFurther update re. Major contract with Ventive
17th Oct 20227:00 amRNSUpate re. Major contract with Ventive Limite
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