Digital Spark Limited (07183436): administration
- Status
- Administration ended
- Administration began
- 2014-07-10
- Administrators
- Neil Matthews
- Administrators' firm
- Leather Matthews Restructuring
- Incorporated
- 2010-03-09
- Location
- Newcastle upon Tyne
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 9 March 2010 and was involved in the design, development and tmplementation of digital and mobile healthcare software solutions The Company operated from leasehold premises in Newcastle upon Tyne and employed 27 employees, including the Directors
The Directors have significant experience and knowledge within the NHS and the software, design and financial sectors
In June 2013 the Company commenced developing a cancer care product and employed seven employees on this project At the time, the Company was anticipating funding becoming available through the NHS, but this was not forthcoming It 1s estimated that the Company spent some £500,000 on this project, which was only some 80% complete, and there was no confirmed market for the product
Administrators' statement of proposals (2014-07-23) · Companies House register