# Sapiat Limited (11655357)

> Why UK company 11655357 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11655357

- **Status:** In administration
- **Administration began:** 2025-11-20
- **Administrators:** Edwin David Stanley Kirker
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2018-11-01
- **Location:** London
- **Industry:** 62090 Other information technology service activities

## Why it went into administration

- Creditor pressure / legal action
- Rising costs / inflation
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Regulatory change or action
- Competition / price pressure

## From the administrators' statement

2.1. The Company was incorporated in the UK on 1 November 2018 as a vehicle for carrying out the UK business of its parent company, Sapiat PTE Ltd, a Singaporean entity, itself incorporated just a few days earlier on 29 October 2018, pursuant to the proposed acquisition by the parent of the UK company EM Applications Ltd.

2.2. The business of EM Applications (EMA) was the supply and licensing of software and data used for investment risk analytics by institutional investment firms around the world. For example, an investment firm could upload an investment portfolio into the EMA system, and the system would return estimates of the portfolio’s absolute and relative “Value at Risk” (VaR), a calculation that was often required for regulatory purposes. The system would also provide metrics designed to indicate the portfolio’s price sensitivity to movements in other macro-economic factors such as, for example, the behaviour of the S&P500, US Treasury yields or the Brent Crude oil price, which helped managers when making trading decisions.

2.3. The nature of the business was that once a client had been secured, many years of high margin recurring revenue would flow. However, this business sector is highly competitive, and EMA faced many much larger well-established competitors such as MSCI Barra, Axioma, Sungard and RiskMetrics.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11655357/filing-history/MzUwMTk4NDgxM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11655357

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