Nodal Labs Ltd (10765532): administration
- Status
- Administration ended
- Administration began
- 2019-10-09
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Formerly
- Joust Ltd; Hireling Ltd
- Incorporated
- 2017-05-11
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 Bai Cham and David Elliott of CVR were introduced to the Company on 4 September 2019 following a recommendation by the Company’s solicitors, Sheridans. A conference call was held on the same date when the financial position of the Company was discussed with the Company directors Mr Brockway and Barry Hudson (“Mr Hudson”). During the call, a number of options were considered for the Company regarding the restructuring of the Company however the directors were requested to provide up to date financial information in relation to the Company so that the most approporate option available to the Company could be assesed.
On 10 September 2019, CVR were formally instructed by the Company to assist in assessing the options available to the Company. 3.2
3.3
Administrators' statement of proposals (2019-11-23) · Companies House register