GT Realisations Limited (09437347): administration
- Status
- Administration ended
- Administration began
- 2020-10-14
- Administrators
- Jonathon P Sumpton, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- GAS TAG Ltd.
- Incorporated
- 2015-02-12
- Location
- Manchester
- Industry
- 62012 Business and domestic software development
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
From the administrators' statement
Overview
The Company, based in Liverpool, provided a software-based solution to its customers (largely social housing providers) that provided them with a digital gas servicing record. This enabled them to fulfil certain legislative requirements for gas safety for each of their properties.
The Company was at relatively early stages of commercialising tts technology and had not yet reached break-even. The Company’s commercial model was based on agreeing multiyear contracts with its customers and was paid largely in the form of annual subscriptions.
Administrators' statement of proposals (2020-12-14) · Companies House register