Embrace CX Ltd (11277770): administration and why it failed

Embrace CX Ltd (11277770): administration

Status: Administration ended
Administration began: 2024-06-13
Administrators: Carl Derek Faulds, Nicola Elaine Layland
Administrators' firm: Leonard Curtis
Formerly: Taskiy Cyber Security Ltd
Incorporated: 2018-03-27
Location: Fareham
Industry: 62020 Information technology consultancy activities

Why it went into administration

HMRC / tax arrears
COVID-19
Weak consumer demand
Cyber attack / IT failure
Rising costs / inflation
Energy costs

From the administrators' statement

2.1

2.2

2.3

Administrators' statement of proposals (2024-07-02) · Companies House register

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Embrace CX Ltd (11277770): administration

Why it went into administration

From the administrators' statement

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Embrace CX Ltd (11277770)