Dodona Analytics Ltd (12246270): administration
- Status
- In administration
- Administration began
- 2026-02-19
- Administrators
- Kevin James Wilson Weir
- Administrators' firm
- Green File Accountants
- Incorporated
- 2019-10-07
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
Following relative success in the UK market, the Company made a significant investment during 2024 to expand into the United States market. This expansion proved unsuccessful, in part due to a shift in US policy away from electric vehicles under the new administration, which adversely impacted market conditions. The Company had been funded through external investment, some of which was conditional upon achieving revenue milestones. A key milestone due to be met by mid-2025 was missed, resulting in an expected funding tranche not being released.
The failure to secure further investment created a material funding shortfall. At the same time, the Company was facing increasing HMRC liabilities, including substantial PAYE, NIC and VAT arrears, which ultimately led to the presentation of a winding-up petition by HMRC. Although cost reduction measures were implemented during 2025, including a reduction in staff and contractor arrangements, these measures were insufficient to stabilise the Company's financial position in the absence of new investment.
3.3
Administrators' statement of proposals (2026-04-20) · Companies House register