Quantuma appointed administrator of The 79th Grp Limited

Quantuma’s joint administrators Jeremy Woodside and Tracey Pye from the Manchester office have been appointed over the administration of Northwest headquartered The 79th Grp Limited and other associate businesses. 

The 79th Grp Limited is the holding company for a large and complex group of unregulated businesses which together describes itself as an asset manager, operating across real estate, aviation, natural resources and wealth management – specialising in investments, acquisitions, and financial management. 

Regarding the administration, Woodside said: “This is a very complex business with operations, assets, investors and stakeholders across the UK, Europe, the Middle East, and West Africa. We are collaborating with all stakeholders to understand the detail which sits behind these complexities. 

“Our immediate priorities are to identify and secure the group’s substantial range of assets and assess the options available.”