LAT Water Limited (09420392): administration
- Status
- Administration ended
- Administration began
- 2024-02-07
- Administrators
- William Antony Batty, Claire Howell
- Administrators' firm
- Antony Batty
- Formerly
- Solaquagen International Limited
- Incorporated
- 2015-02-03
- Location
- London
- Industry
- 36000 Water collection, treatment and supply
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was founded in 2015 by Mark Hardiman, Peter Champness and Stewart Block to develop and commercialise, a low energy process of treating heavily contaminated industrial wastewater and desalinating it, using waste heat or renewable energy. Mr Champness took on the role of nonExecutive Chairman and Mr Hardiman as Chief Executive. Seddon Smith now part of Haines Watts, acted as accountants.
The business was developed on two successful awards totalling £350,000 for new innovative technology from the Technology Strategy Board, now Innovate UK. This work was carried out in a prior entity to LATW, which transferred all its rights in the technology to LATW.
The Company was initially funded by the directors and subsequently several awards for innovative technology were received from Innovate UK, the government’s R&D funding arm, and Department of Business and Department of Energy and Climate Change, to develop process and build prototypes.
Administrators' statement of proposals (2024-04-05) · Companies House register