Northbrook Resources Ltd (07252700): administration
- Status
- Administration ended
- Administration began
- 2022-07-29
- Administrators
- Mark Christopher Ford, Finbarr O'Connell
- Administrators' firm
- S&W Partners
- Formerly
- Elevate Platform Limited
- Incorporated
- 2010-05-13
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
From the administrators' statement
Elevate Platform Limited was incorporated on 13 May 2010. The Company was involved in developing an Artificial Intelligence (‘Al’) platform for matching candidates with clients' employee requirements. The Company used Al engines to read the details of the relevant qualifications and skills of potential candidates from recruitment databases in order to identify the best candidates for any particular employment opportunity. with the aim of increasing. for any client using the process, the number of employees placed in jobs by 30%.
The Company's aim was to create a platform business providing a total workforce management marketplace. The product has significantly evolved since incorporation and has achieved a number of key aspects including successfully developing Talent Pools and building the appropriate solution to help identify the most appropriate candidates.
The Company obtained its funding from a number of investors, including two of the Directors, John Fitzpatrick and John Kenefick. The largest funder of the Company was VIL Limited, which is the majority shareholder, and which has invested c£7,000,000 into the Company since incorporation.
Administrators' statement of proposals (2022-10-19) · Companies House register