Enforcd Limited (09759194): administration
- Status
- Administration ended
- Administration began
- 2019-07-25
- Administrators' firm
- Begbies Traynor
- Formerly
- Scampus Limited
- Incorporated
- 2015-09-02
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Company was incorporated in September 2015 to provide financial services, regulatory news and enforcement case updates to clients via a platform and an application that the Company developed. It should be noted here that the intellectual property and technology that the Company has developed since incorporation remained incomplete and pre-revenue generating at the time that the Company instructed Begbies Traynor to market the business and assets for sale via a pre-pack administration.
Notwithstanding the above, the Company gained significant industry recognition for its product and was able to attract investment. In July 2016 the Bank of England accepted the Company onto its FinTech Accelerator. In March 2017 the Company was a Citi Tech for Integrity finalist and between April 2017 and January 2018 was accepted on to the UK Department for International Trade RegTech Mission to New York and onto the CBA Innovation Lab.
In April 2018 the Company had attracted various clients to sign up for pilot schemes across various industries including data providers, stock exchange platforms, insurance, and asset management.
Administrators' statement of proposals (2019-08-21) · Companies House register