TIL Realisations 2024 Limited (08306689): administration
- Status
- Administration ended
- Administration began
- 2024-08-19
- Administrators' firm
- Menzies
- Formerly
- Talent Intuition Limited
- Incorporated
- 2012-11-26
- Location
- Cardiff
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 26 November 2012 by Alison Ettridge (“the CEO”) and remained a dormant company until 2018.
The CEO, who has over twenty years of experience in delivering talent intelligence consultancy projects to corporates, recognised a significant inefficiency in the industry. Much of the consultancy work relied heavily on manual data interrogation and was typically reactive rather than proactive in addressing clients' needs. In response to this, the Company launched its consultancy business in 2018, with the vision of developing a data driven software product known as ‘Stratigens’.
Administrators' statement of proposals (2024-08-29) · Companies House register