Hastee Limited (11624162): administration
- Status
- Administration ended
- Administration began
- 2022-06-13
- Administrators
- Oliver Wright, Jane Steer
- Administrators' firm
- PwC
- Incorporated
- 2018-10-15
- Location
- Leeds
- Industry
- 64209 Activities of other holding companies n.e.c.
From the administrators' statement
The Group developed and managed a technology platform that enabled its customers’ employees to take a portion of their earned pay before their payroll day by making a withdrawal request (typically through a mobile app). The employer would then make an appropriate deduction from the employee’s wages and repay the balance to the Group following the next applicable payroll date. Customers were predominantly in the UK and Spain.
HTL was the main UK operating company. It developed and owned the technology platform, Intellectual Property and patents. It was the employer of the UK employees and was a party to the contracts with Hastee customers via a tripartite contractual arrangement.
HL was the holding company. Its only material assets were intra-group receivables, its shareholding of HTL, HBL and a Spanish subsidiary, HE.
Administrators' statement of proposals (2022-07-05) · Companies House register