Flit Technologies Ltd (10487532): administration
- Status
- Administration ended
- Administration began
- 2024-05-31
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-11-18
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
From the administrators' statement
Flit Technologies Ltd (‘the Company”, trading as “Karhoo”) was incorporated on 18 November 2016. Since inception, the Company has traded out of WeWork offices, originally at Eastbourne Terrace London W2 6LG from 7 December 2016, until moving to 5 Merchant Square London W2 1AY on 14 September 2021 (the current registered office). It is the owner of the MarketPlace IP (the technology that connects Ride Hailers with Fleets), employer for UK & Deal staff and is the group holding company to the following entities (Collectively referenced as “the Group”);
1. Karhoo Europe (UK) Ltd (incorporated 16/02/2017) Main operating entity for the MarketPlace (excluding the United States) 2. Karhoo France SAS (Yuso) (incorporated 11/01/2016)
Employer of French staff and owner of the Connect IP (the technology used for food delivery services)
Administrators' statement of proposals (2024-07-16) · Companies House register