Nimbus Realisations Limited (formerly Nasstar Group Limited)
Toby Banfield and Zelf Hussain of PwC were appointed as Joint Administrators of Nimbus Realisations Limited (formerly Nasstar Group Limited) ("the Company") on 13 September 2024.
The Company is a non-trading holding entity. Its primary asset is shares in its wholly owned subsidiary Nasstar Limited, which in turn owns a number of trading subsidiaries.
Following appointment, contracts were exchanged to sell the Company’s shares in Nimbus Realisations Limited (formerly Nasstar Group Limited) to Togo Bidco Limited. Nimbus Realisations Limited (formerly Nasstar Group Limited) and its subsidiaries continue to trade as normal and no operations are impacted by this transaction.
The sale is subject to receiving National Security and Investment Act clearance. During the period between exchange and completion, the Joint Administrators would consider any third party offers for the shares that would result in a better outcome to creditors.
Documents to download:
Mark James Tobias Banfield and Zelf Hussain have been appointed as joint administrators of Nimbus Realisations Limited (formerly Nasstar Group Limited) to manage its affairs, business and property, and act without personal liability. Both are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.
The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at:
https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.
