Malvern Travel Technology Limited (10970547): administration
- Status
- Administration ended
- Administration began
- 2019-08-02
- Administrators
- David James Costley-Wood, Tracey Lee Pye
- Administrators' firm
- KPMG
- Incorporated
- 2017-09-19
- Location
- Manchester
- Industry
- 79110 Travel agency activities
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 19 September 2017. Its purpose was to hold intellectual property rights and development costs for a key Group intangible asset which was being developed internally - a potential white-label booking platform known as Wizian.
The Company was a non-trading entity and did not employ any staff. Its registered office was located at 34 Floor, 30 Millbank, London, SW1P 4DU.
3.2. Funding and financial position of the Company Funding
Administrators' statement of proposals (2019-10-07) · Companies House register