XQ Digital Resilience Ltd (09184608): administration
- Status
- Administration ended
- Administration began
- 2019-10-25
- Incorporated
- 2014-08-21
- Location
- London
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Creditor pressure / legal action
- Cyber attack / IT failure
From the administrators' statement
The business was founded in 2014, and its principal activity was that of a provider of cyber security solutions to corporate clients.
During the first year or so, the Company’s efforts were concentrated on building the right team and providing the necessary infrastructure to allow its solutions to be put out to market.
This work required a considerable amount of time and financing, and, as with all ‘tech’ business models, a great deal of investment would be needed.
Administrators' statement of proposals (2020-01-03) · Companies House register