Bossa Nova Robotics Europe Ltd. (11378412): administration
- Status
- Administration ended
- Administration began
- 2020-09-04
- Administrators
- Sean Williams, Richard Pinder
- Administrators' firm
- Leonard Curtis
- Formerly
- Bossa Nova Robotics Europe Limited
- Incorporated
- 2018-05-23
- Location
- Leeds
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- COVID-19
- Weak consumer demand
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 23 May 2018 by Bossa Nova Robotics Holding Corp and began trading as part of the Bossa Nova group (“the Group’).
Bossa Nova Robotics (“Bossa Nova’) is a robotics and technology company based in the USA that specialises in the development and manufacture of real-time, on-shelf product data for the global retail industry. Bossa Nova was founded in 2005 and following its trading success the director advised that the decision was made to expand into the European market. Thus the Company was setup to support the emerging European market, trading from premises under licence at Courtwood House, Silver Street Head, Sheffield.
The purpose of the Group was to satisfy a global retail issue of the loss of revenue to retail which is caused by gaps and missing products, which is estimated to cost the retail sector $1.2 trillion.
Administrators' statement of proposals (2020-11-12) · Companies House register