KR8 Advisory Ltd KR8 Advisory Ltd
Home / Insights / Potential Disposal of a Controlling Interest...
News
News
Restructuring
Restructuring

Potential Disposal of a Controlling Interest – In respect of The 79th Grp Limited

placeholder thumbnail

Quantuma Advisory Limited (Quantuma), in its capacity as joint administrators of The 79th Grp Limited (79th Grp) alongside Kroll Advisory Limited (the Joint Administrators) notes that, per the Progress Report filed with Companies House on 24 November 2025, Quantuma are currently in control of the 78,552,084 ordinary shares representing approximately 33.5% of the entire issued share capital in First Class Metals PLC (First Class Metals, FCM or the Company), the UK-listed exploration company advancing high-grade, district-scale gold opportunities in Ontario, Canada (the 79Grp Shares).

Contents

Back to Top


The Joint Administrators have been approached by a potential purchaser for a part of the 79Grp Shares but have not yet entered into discussions with any potential purchaser to purchase a controlling interest and there is no guarantee that either a controlling interest or otherwise will be sold or acquired. FCM is informed that the Joint Administrators are seeking further potential purchasers to acquire the remaining interest which may be either (i) all of the remaining 79Grp Shares; or (ii) part of the 79Grp Shares, which would carry in aggregate less than 30% of the voting rights of the Company.

View the full pdf here.

Sign up to our Newsletter

Error: Contact form not found.

Get in Touch News & Insights

Latest News & Insights

News

October 1, 2026

Integrating ‘Generative AI’ into our eDiscovery service

We have always incorporated the latest technology when it comes to eDiscovery and Investigations, and now we are the first to offer the newest functionality, ‘Ask AI’, within the Reveal-Brainspace platform. This extremely powerful new functionality, using Generative AI, enables users to simply ask open questions about their clients’ data and get robust and reliable … Continued

October 1, 2026

Lifting the crypto veil

What developing crypto asset regulation means for clients dealing with restructuring, insolvency and asset recovery. The FCA’s recent consultation on crypto asset disclosures and market abuse marks the latest stage in its roadmap for bringing cryptocurrencies and other digital assets into its regulatory perimeter. However, there is still a long way to go before the … Continued

October 1, 2026

Vacation Finance Limited enters Administration

Dina Devalia and Frank Wessely of Quantuma Advisory Limited were appointed as Joint Administrators of Vacation Finance Limited (VFL) on 20 November 2024. VFL has ceased trading with immediate effect. Vacation Finance Limited (“VFL”) FRN 721584. Address: 57 Wheelock Street, Middlewich, Cheshire CW10 9AB. Vacation Finance Limited (VFL) – what has happened to it?  On 20 … Continued

October 1, 2026

Quantuma appointed administrators of P2P lender ABLRate

On 15 January 2024, Peer to Peer lending platform Aviation and Tech Capital Limited and ABLRate Assets Limited, trading as ABLRate, appointed managing directors Brian Burke, Sean Bucknall and Andrew Hosking from business advisory firm Quantuma as Joint Administrators. The Joint Administrators will continue the orderly wind down of the loan portfolio in order to … Continued

October 1, 2026

Quantuma appointed Administrators of Hastings & Rother Credit Union Limited t/a 1066 Community Bank

Dina Devalia and James Varney of business advisory firm Quantuma have been appointed as Joint Administrators of financial cooperative Hastings & Rother Credit Union Limited, trading as 1066 Community Bank. Founded in 1999, the credit union is based in Hastings and acts as a financial cooperative, offering its members financial security through saving and borrowing. … Continued

October 1, 2026

Quantuma joint administrators secure the future of Wiltshire SIPP provider

A team of experts from business advisory firm Quantuma have completed a sale of Wiltshire based FCA regulated SIPP provider, Gaudi Limited and its subsidiary, Gaudi Regulated Services Limited (“Gaudi”) . Quantuma managing directors Sean Bucknall and Andrew Watling were appointed as joint administrators of the businesses on 25 April 2023 and completed a sale … Continued

October 1, 2026

Funeral Plan Provider enters Administration after failing to obtain FCA authorisation

Andrew Watling, and Kelly Mitchell, Insolvency Practitioners of business advisory firm Quantuma have been appointed as Joint Administrators of One Life Funeral Planning Ltd (OLFP). Incorporated in December 2020, Sheffield-based OLFP offered around 14,000 customers a variety of funeral and cremation plans on both a pre-paid and payment by instalment basis. Businesses operating in the … Continued

October 1, 2026

Quantuma appointed Administrators of Birmingham Inner Circle Community Credit Union Limited

Dina Devalia and James Varney of business advisory firm Quantuma have been appointed as Joint Administrators of financial cooperative Birmingham Inner Circle Community Credit Union Limited. Founded in July 2002, the credit union is based in Ladywood, Birmingham and acts as a financial cooperative, offering its members financial security through saving and borrowing. In 2020 … Continued

October 1, 2026

Understanding altcoins and blockchain technology

In this article, Mike Fanshawe from our Forensic Accounting, Valuations and E-Discovery team discusses altcoins and blockchain technology and provides insight into how forensic investigators approach tracing cryptoassets during investigations. Altcoins: An Overview Altcoins, short for “alternative coins”, generally refer to cryptocurrencies other than Bitcoin. Since Bitcoin’s launch in 2009, thousands of digital assets have … Continued

October 1, 2026

What the La Perla case means for future cross-border insolvencies

The La Perla insolvency case was one of the first major cross-border cases to take place post-Brexit, where the previous EU framework no longer applied. Courts, officeholders and stakeholders had to operate without automatic recognition or a shared system. There were parallel proceedings, interventions from government bodies and other obstacles in the way. However, thanks … Continued

Let’s talk

Whether you’re facing an immediate challenge, considering your options or simply want an informed perspective, an early conversation can make a difference.

TALK TO OUR TEAM