Vinaya Technologies Limited (08766611): administration
- Status
- Administration ended
- Administration began
- 2016-12-12
- Administrators
- Simon James Underwood, Jonathan David Bass
- Administrators' firm
- Menzies
- Formerly
- Kovert Designs Limited
- Incorporated
- 2013-11-07
- Location
- London
- Industry
- 32120 Manufacture of jewellery and related articles
From the administrators' statement
The Company was incorporated on 7 November 2013 by Kate Unsworth, Dan Moller, Fabio Pana The Company was set up to develop and retail fashionable and wearable technology for women in the form of jewellery, such as necklaces, bracelets and rings, with an accompanying smartphone app
The Company originally traded under the name of Kovert Designs Limited from spare office space tn East London, free of charge, and was initially funded by dtrectors’ loans totalling £36,740 The team grew and in November 2014, the Company moved to rented office space at Second Home, Studio 8, 68 Hanbury Street, London E1 53t
On 7 May 2015, the Company raised funds by issuing shares in exchange for equity-based investments, which totalled £1,905,000 Eileen Burbidge and Nick Seaver were also made directors of the Company on the same date and assumed the roles of investment partners
Administrators' statement of proposals (2017-02-13) · Companies House register