February 21st, 2019 / Insight posted in MKS News

Kingston Smith & Partners appointed to handle administration for Quadriga

Quadriga Holdings Limited and Quadriga Worldwide Limited were placed into administration on 15 February 2019, with Ian Robert & Chris Purkiss of Kingston Smith & Partners appointed administrators. Other Quadriga group companies in the US and Europe are unaffected by the administration.

Quadriga, the leading supplier of in-room entertainment to many of the world’s leading hotel brands, is now being managed by the joint administrators, who have appointed Hilco Streambank to offer the business and assets for sale.

Ian Robert said: “Customer service is key to the operation of the Quadriga group and this high-quality service continues. We are marketing the business for sale with the intention of finding a new partner for Quadriga over the next few weeks. Hopefully, there will be minimum disruption to ongoing product design and service, and the majority of the workforce will be saved. It is intended that the new partner will develop the business further and take advantage of Quadriga’s great platform, and highly creative and experienced workforce.”

Hilco Streambank director Nat Baldwin said: “The sale of the business and assets, including Quadriga’s advanced software and highly regarded brand, provides a unique opportunity for potential buyers and we expect this sale to garner strong interest.”

For information on the administration, contact the joint administrators at Kingston Smith & Partners on +44 (0)20 7566 4020 or quadriga@mks.co.uk.

For information concerning the sale of Quadriga, contact Nat Baldwin at Hilco Streambank on +44 (0)141 4063 197 or nbaldwin@hilcoglobal.eu.