# High Speed Transmission Solutions Limited (09506435)

> Why UK company 09506435 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09506435

- **Status:** Administration ended
- **Administration began:** 2019-02-28
- **Incorporated:** 2015-03-24
- **Location:** Droitwich
- **Industry:** 61900 Other telecommunications activities

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09506435/filing-history/MzIzMjg2MzM4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09506435

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