Wayve Ltd (08713046): administration
- Status
- Administration ended
- Administration began
- 2017-08-07
- Administrators
- Simon Harris, Ben David Woodthorpe
- Administrators' firm
- ReSolve
- Incorporated
- 2013-10-01
- Location
- London
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 1 October 2013 by director, Mr Jamie Evans-Parker, a computer science and digital marketing specialist. Mr Evans-Parker oversaw the Company's development of a platform that offers businesses a simplified way to create, monitor and distribute advertisements across multiple devices and screen sizes.
In 2015, following a period of product development the Company secured funding from Mercia Fund Management Ltd (Mercia). The funds were to be utilised by the Company to expand its marketing strategy and employ staff to service the increasing demand for the platform.
The Company operated from premises in London and employed 15 full-time staff including two directors, Mr Evans-Parker and Ms Naomi Ducat. As a condition of Mercia’s investment, Mercia Fund Management (Nominees) Limited, was appointed as a non-executive director and represented Mercia at meetings of the board of directors.
Administrators' statement of proposals (2017-10-10) · Companies House register