Webtise Limited (06687898): administration
- Status
- Administration ended
- Administration began
- 2017-05-26
- Administrators
- Jason Mark Elliott, Craig Johns
- Administrators' firm
- Cowgill Holloway Business Recovery
- Incorporated
- 2008-09-03
- Location
- Bolton
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2008 by Graham Withe and Daniel Clutterbuck to provide SEO, website development and marketing services.
Justin Young was appointed a director of the Company in May 2014, Mr Young also hoids a 30% shareholding in the Company. Historically, 60% of the Company’s turnover has been made up of development and support, with the remaining 40% attributed to marketing.
At the end of 2015, the Company entered into a partnership with an app company, Apposing Ltd (“the Partner”), to offer app design and development services. The Partner offered approximately £750k of turnover and the opportunity/work in progress was considered to be worth c£1.5M.
Administrators' statement of proposals (2017-06-15) · Companies House register