Knowledge Transmission Ltd (07466937): administration and why it failed

Knowledge Transmission Ltd (07466937): administration

Status: Administration ended
Administration began: 2018-01-19
Administrators: Gary Paul Shankland, Nigel Geoffrey Atkinson
Administrators' firm: Begbies Traynor
Incorporated: 2010-12-10
Location: 40 Bank Street
Industry: 58290 Other software publishing

Why it went into administration

Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Loss of key people

From the administrators' statement

The Company was formed in 2010 and developed an online English language learning software product used primarily by students in Asia, and sold by a distributor, IGP Services Pte Ltd (‘iGroup’).

The Company was funded by:-

• Adirector personally

Administrators' statement of proposals (2018-03-13) · Companies House register

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