Iotatech Limited (10361968): administration
- Status
- Administration ended
- Administration began
- 2023-04-18
- Administrators' firm
- FRP Advisory
- Formerly
- MSRT Limited
- Incorporated
- 2016-09-07
- Location
- Brentwood
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Loss of a key customer, supplier or contract
- COVID-19
- Regulatory change or action
From the administrators' statement
Iotatech Limited (“Iotatech”) was incorporated on 7 September 2016 by directors Robert Thomson and Michael Sargeant, with Harvey Mitchell, Ahmad Mosa and Susan Balcombe joining as directors in January 2017, April 2017 and November 2020 respectively.
The Company provided a pay-per-use SaaS insurance platform for risk carriers, third-party administrators and other related businesses and traded from rented premises at Part 1% Floor Goodwin House, 5 Union Court, Richmond.
Iotatech aimed to provide a future-proofed platform for insurers in a similar way to how Internet of Things (IoT) and open Application Programming Interfaces (API) developments are disrupting other sectors with ageing and unsophisticated legacy technology platforms.
Administrators' statement of proposals (2023-05-20) · Companies House register