Power Epos Systems Limited (14359557): administration
- Status
- Administration ended
- Administration began
- 2025-10-03
- Administrators
- Henry Nicholas Page, Dominic Dumville
- Administrators' firm
- Grant Thornton
- Incorporated
- 2022-09-15
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The trade and assets of the Company were initially purchased from another entity, Power EPOS Limited, out of a separate Administration process on 4 October 2022.
Power EPOS Limited (a separate entity to the Company which | shall refer to as “Power1”) was initially incorporated in 2012 as Tankard Services Limited, with its main purpose being to design stock software for the hospitality industry. As part of its efforts to raise the funding required to trade and expand, various debentures were issued, one of which was granted to Huddle on 31 May 2022.
The funding line obtained from Huddle was due to be repaid on 31 August 2022 and, despite the boards efforts to negotiate an acceptable position or refinance the facility it as unable to prevent Huddle from making formal demand of Power1 for full repayment .
Administrators' statement of proposals (2025-11-28) · Companies House register