VST Enterprises Limited (08292184): administration
- Status
- Administration ended
- Administration began
- 2022-01-12
- Administrators
- Beverley Ellice Budsworth
- Administrators' firm
- KPMG
- Incorporated
- 2012-11-13
- Location
- Nottingham
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Supply chain disruption
- Over-expansion / investment not recovered
- Management failings / irregularities
From the administrators' statement
The company was incorporated on 13 November 2012 and with the first period of active trading being for the period to 31.8.14. The precursor to VCode was The Hive Barcode developed in around 2008/09. The patent was acquired and developed by a Davis Co. Holdings Ltd and the company was a licensee as detailed below.
In April of 2013, LJ Holdings 88 Ltd. (Now Davis Co. Holdings) opted to trademark the name VCode and the scannable image of the same name in Europe (which included the UK) plus copyrights of potential concepts of the same. In December 2014 LJ Holdings 88 Ltd acquired the shares of VST. In the same year VST took over the development of the VCode technology. 6.3
6.4
Administrators' statement of proposals (2022-03-10) · Companies House register