Andrew Watling, partner, and Simon Campbell, director, from Quantuma have been appointed joint administrators over Herculaneumco Ltd, a company which is developing Herculaneum Quay in Liverpool, a tower block intended to house 118 luxury apartments
The Quantuma administrators were brought in by the holder of a qualifying floating charge after negotiations on refinancing the project broke down.
The company was established in May 2013 and Herculaneum Quay had an estimated gross development value of £20m.
Simon Campbell, Quantuma director and joint administrator, said: ‘These are early days yet and we are in the process of assessing the saleability of the property or the build-out options available to us.’
The company only listed one employee and no redundancies have as yet been made, he said.
Report by Pat Sweet
