# Eliga Services Limited (10000253)

> Why UK company 10000253 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10000253

- **Status:** Administration ended
- **Administration began:** 2023-05-15
- **Administrators:** Carl Derek Faulds, Stewart Goldsmith
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2016-02-11
- **Location:** Fareham
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- COVID-19
- Sustained trading losses
- Management failings / irregularities
- Parent or group failure
- Competition / price pressure

## From the administrators' statement

2.1 The company was incorporated in 2016 and was set up to provide specialist technology recruitment into investment and asset management companies. A holding company, AG1 Holdings Limited, was incorporated at the same time by Graham and Linda Nyman together with Donald Roll, a US based angel investor who was a personal friend of Mr Nyman.

2.2 The company had a longstanding relationship with one particular customer, Fidelity International, placing a number of contractors with the organisation. This part of the business had historically been very profitable.

2.3 Mr Nyman became interested in open banking and set out to produce a software platform that would use the new application programming interfaces (APIs) put in place by consumer banks. It was anticipated that this area had a huge opportunity for growth and, if a software platform could be successfully produced, it would generate significant profits for the company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10000253/filing-history/MzM4NTAzMzU0N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10000253

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