Northrow Limited (07358038): administration
- Status
- In administration
- Administration began
- 2025-12-01
- Administrators
- Benjamin John Wiles, Philip Joseph Dakin
- Administrators' firm
- Kroll
- Formerly
- Contego Solutions Limited; Contego Fraud Solutions Limited; Internet Fraud Solutions Limited
- Incorporated
- 2010-08-26
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company operated as a leading Software-as-a-Service (SaaS) provider of risk management solutions for regulated businesses, specialising in client onboarding, monitoring, and AML compliance. Despite a strong product offering, the Company faced financial challenges driven by stagnating revenue growth and rising overheads, which ultimately led to withdrawal of shareholder funding.
Following the filing of a Winding Up Petition by HMRC on 2 October 2025, the Directors engaged Kroll to advise on options and conduct an AMA process. After considering all alternatives, a pre-packaged sale of the business and assets was completed immediately upon the Administrators’ appointment on 1 December 2025, which was considered to have achieved a better outcome for creditors than liquidation.
For full details of the circumstances leading to Administration, the marketing process, offers received, and
Administrators' statement of proposals (2026-01-29) · Companies House register