# Malvern Travel Technology Limited (10970547)

> Why UK company 10970547 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10970547

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10970547/filing-history/MzI0NjE5NzQzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10970547

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