Technology Will Save US Limited (07661485): administration
- Status
- Administration ended
- Administration began
- 2021-03-17
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-06-08
- Location
- London
- Industry
- 47650 Retail sale of games and toys in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Sustained trading losses
From the administrators' statement
The Company (“TWSU”) was incorporated by the directors on 8 June 2011 and began trading in 2012. The Company operates in east London and has a small satellite subsidiary based in New York to deal with US sales. ,
TWSU provides a play led, digital home learning system that supports learning through childhood. The business offers a digital platform, a range of physical toys and a subscription model, with its target audience being 4-12 year olds.
The main objective of the Company’s products is to introduce children to STEAM (science, technology, engineering, arts and maths) skills using games and toys while encouraging lifetime learning.
Administrators' statement of proposals (2021-04-03) · Companies House register