Ancoa Software Limited (07248531): administration
- Status
- Administration ended
- Administration began
- 2017-05-05
- Administrators' firm
- Leonard Curtis
- Formerly
- HL Steam Ltd.
- Incorporated
- 2010-05-10
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Management failings / irregularities
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 10 May 2010, under the name HL Steam Ltd. The Company changed its name to its current style on 5 February 2014. The Company was funded from incorporation to August 2012 by Mr Louth and Mr Hendrickx.
In August 2012, the Company sought additional funding, totalling £140,000, from Mr Stefan Dierckx (Minos Capital) (“Mr Dierckx"), Mr Cobben, FL Kwadraat (now Smartfin), Mr Frank Buysse (“Mr Buysse") and Mr Kurt Vandebroek ("Mr Vandebroek”) (together “the Angel investors’). The Angel Investors provided further funding of £200,000 in October 2013, at which point the Angel Investors took control of circa 50% of the share capital of the Company.
3.3
Administrators' statement of proposals (2017-06-07) · Companies House register