Netsumo Ltd (02666084): administration
- Status
- Administration ended
- Administration began
- 2014-06-02
- Administrators' firm
- Opus Restructuring
- Formerly
- Population Dynamics Limited
- Incorporated
- 1991-11-26
- Location
- Milton Keynes
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
NetSumo Limited (hereinafter referred to as “the Company”) was incorporated on 26 November 1991 under the name Population Dynamics Limited, to provide a comprehensive service to ISP, hosting and eCommerce businesses The Company was initially set up to assist with building third party businesses and recommending new products, services and creative ways of using technology
The Directors identified a significant cost in internet network capacity, so found ways of making data transfers between businesses more cost effective, leading to significant savings for its chents Having provided its initial recommendations the company continued its relationship with clients, providing further consultancy, installation and 24/7 support services
The business was primarily led by Alex Farmer His co-director, Paul Farmer, was appointed to assist with the day to day book keeping
Administrators' statement of proposals (2014-07-21) · Companies House register