Infarm entered Administration back in October 2023, getting into a legal process being managed by licensed insolvency practitioners known as administrators. These lawyers are appointed to protect Infarm’s interests, attempting to help the company survive or create the best outcome if liquidation becomes a feasible option.
Yet, what has happened in the past five months? Let’s take a look.
Company assets acquired
On the 12th of April, the Companies House services shared an update on the case, showing that on the 29th of December 2023, May Acquisitions Limited purchased the business records, contracts, intellectual property, plant and machinery. This comprised a number of 40,8 million, and sales information.
Consideration for the sale of t…
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