# 4 Earth Intelligence Limited (09462557)

> Why UK company 09462557 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09462557

- **Status:** Administration ended
- **Administration began:** 2022-09-02
- **Administrators:** Glyn Mummery, Julie Humphrey
- **Administrators' firm:** FRP Advisory
- **Formerly:** Tcarta Limited; Proteus GEO Limited
- **Incorporated:** 2015-02-27
- **Location:** Brentwood
- **Industry:** 74909 Other professional, scientific and technical activities n.e.c.

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears

## From the administrators' statement

Established in 2015 the Company operated in the satellite-based Earth Observation industry. Earth Observation technology captures and stores information from satellites relating to physical, biological and chemical compositions of the Earth for monitoring, surveillance and decision-making in various vertical markets, such as defense and _ intelligence, infrastructure and engineering, natural resource management, energy and power, and disaster management. It operated in the UK and UAE.

4EI has a director team of 5 (comprising 4 executive employed directors and a single independent non-executive director) and 2 shareholders, from the executive team, owning 80% and 20% respectively.

Prior to the Covid-19 pandemic the Company was profitable and carried no external debt. The business had embarked on a growth plan seeking areas for recurring revenue opportunities, rather than a continued sole focus on project assignments. Recognising that new external investment was required the Company developed the necessary materials to support an investment round for c£3.5m. Whilst interest from venture capitalists was forthcoming, including a term-sheet, the activity coincided with the widespread lockdown and subsequent slowdown of the corporate finance markets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09462557/filing-history/MzM1NjEwNDc5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09462557

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.