# Northrow Limited (07358038)

> Why UK company 07358038 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07358038

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07358038/filing-history/MzUwMTQwNTg0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07358038

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.