Helveta Limited (05014241): administration
- Status
- Administration ended
- Administration began
- 2014-09-18
- Administrators
- Henry Lan, Asher Miller
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-01-13
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Creditor pressure / legal action
- Supply chain disruption
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated in 2004 and traded as a developer of highly specialised software used in tracing and tracking the sources and supply chains of commodities such as timber, bio-fuels, and mineral products
The Company enjoyed notable success in its early years, mainly with customers in the timber industries operating in central and West Africa, where it developed bespoke traceability solutions for national governments The product was originally designed to track timber from the forest to its eventual export
These projects were multi-donor funded by such parties as the EU, DfID, World Bank and USAID but this funding reduced over time, notably with the EU termmating its FLEGT donor programme in March 2013
Administrators' statement of proposals (2014-11-20) · Companies House register