Zipabout Limited (07605147): administration
- Status
- Administration ended
- Administration began
- 2023-05-31
- Administrators
- Richard Howard Toone, Craig Povey
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-04-15
- Location
- Birmingham
- Industry
- 62012 Business and domestic software development
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 15 April 2011, commenced trading in 2014 and the first commercial sale was made in April 2015.
The two founders were engaged by Transport for London (TfL) to create a demand journey planner for the London 2012 Olympics. Following the completion of the project, Zipabout was formed with a view to developing the planner into a commercial product. The original code was licenced by the co-founder Daniel Chick to the Company on a perpetual licence.
The Company continued developing a software platform to provide journey intelligence and predictive business analytics services to Transport Operators and Local Authorities responsible for transportation infrastructure. A prototype of the platform was developed and in 2017 the Company was able to secure £200,000 of investment by “angel” investors. The Company has also received various grants through Innovate UK and the TRIG project to help fund product innovation.
Administrators' statement of proposals (2023-07-12) · Companies House register