Celona Technologies Limited (03262010): administration
- Status
- Administration ended
- Administration began
- 2011-04-20
- Administrators
- Henry Lan, Asher Miller
- Administrators' firm
- David Rubin & Partners
- Formerly
- Sceales-Endacott Systems Integration Limited
- Incorporated
- 1996-10-11
- Location
- London
- Industry
- 7222
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Cash flow / liquidity pressure
From the administrators' statement
41 The business of Celona Technologies Limited (“the Company” or “Celona”) was founded in 2005. The founding directors of the Company were Tony Sceales, Steve Endacott and Patrick Seely (Non-Executive director)
42 The Company was originally incorporated as Sceales Endacott Systems Integration Limited (“SESI") as a provider of software solutions to telecoms service providers based in the UK in 1996 and it changed its name to Celona Technologies Limited in January 2005, coupled with new investment
43 Tony Sceales and Steve Endacott were both experienced software designers and developers with over 15 years in the industry, and had been running SESI successfully since tts foundation in 1996 Patrick Seely had been a key member of the SESI team who previously ran another IT company, Broadview Partners for over 10 years, and had worked very closely with and advised many venture-funded technology businesses
Administrators' statement of proposals (2011-06-07) · Companies House register