From the administrators' statement

The directors of the company are Mr. Stuart Mutton, Mr. Andrew Ackland and Mr. Stephen Crum.

Mr. Ackland, a qualified engineer, invented an isolating transformer in 2014, which led to him asking a friend, Mr. Glenn Lacey to help him commercialise the product. High Speed Transmission Solutions Ltd (‘HSTS’) was set up in March 2015 initially with 5 directors, to develop and commercialise the transformer. This was based on the transformer being more powerful than any other on the market.

Mr. Lacey was head of research and development and was working on commercialising the transformer. This led to Mr. Lacey agreeing deals with three companies, Wurth, HALO and The Rigby Group.

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High Speed Transmission Solutions Limited (09506435)

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