Txtel Limited (04227988): administration
- Status
- Administration ended
- Administration began
- 2012-03-21
- Administrators
- Karyn Jones, John Stephen Kelmanson
- Administrators' firm
- Shaw Gibbs Insolvency
- Formerly
- IO Internet Limited
- Incorporated
- 2001-06-04
- Location
- London
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
- Loss of key people
From the administrators' statement
The Company was incorporated on 4 June 2001 by the founder, Davide Antill, to develop software for a new SMS initiated call-back from a communication centre The software would enable a consumer to send an SMS message to a central number and
result in the consumer receiving a call from a sales agent
A total of £108,000 was injected into the Company by the founder in 2003 from the sale of his shares in order to develop the software, which he applied to be patented on behalf of the Company in the UK and US in March 2003 and March 2004 respectively The patent application would later be granted in the UK in January 2006 and also granted in the US in November 2010 The funds injected would also be utilised to provide working capital
Administrators' statement of proposals (2012-07-03) · Companies House register