Quantuma managing director Rehan Ahmed has been appointed to work on the administration of collapsed peer-to-peer lending platform The Home Crowd.
Ahmed is an insolvency practitioner working inside Quantuma’s restructuring and insolvency workforce.
His appointment was disclosed in paperwork filed with Firms Home.
Learn extra: The Home Crowd administrator awaits courtroom readability on distributions
He works throughout the advisory agency’s Leeds and Bradford workplaces and with its workforce in Dubai, based on Quantuma’s web site.
“Having run his personal follow, Rehan is ready to relate to many administrators and shareholders in understanding among the smaller, sensible points they could come throughout when enterprise sure procedures and processes,” Quantuma stated. “He’s usually capable of implement the authorized procedures in a extra sensible and constructive method to the enterprise homeowners.”
The Home Crowd fell into administration in February 2021 as a result of ongoing monetary points dealing with the corporate.
Frank Ofonagoro, Jeremy Woodside and Frank Wessely at Quantuma have been appointed as directors that month.
The Home Crowd administration course of has been prolonged, with the tip date pushed again quite a lot of occasions.
In its newest six-month replace in October, Quantuma stated that the administration course of faces “unavoidable important will increase in value” and prolonged the end-date by no less than one other six months to 23 February 2024.
Quantuma had acquired virtually £1m in charges as of the newest replace.
Quantuma has been contacted for remark relating to Ahmed’s appointment.