# WFS Technologies Limited (SC247354)

> Why UK company SC247354 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC247354

- **Status:** Administration ended
- **Administration began:** 2020-07-16
- **Administrators:** Alistair Mcalinden, Blair Carnegie Nimmo
- **Administrators' firm:** KPMG
- **Formerly:** Wireless Fibre Systems Limited; Wifi Scotland Limited; DMWS 620 Limited
- **Incorporated:** 2003-04-04
- **Location:** Glasgow
- **Industry:** 72190 Other research and experimental development on natural sciences and engineering

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- COVID-19
- HMRC / tax arrears
- Sustained trading losses

## From the administrators' statement

The Company was incorporated in April 2003 to develop and implement technology concerned with subsea wireless communication. It operated from leasehold premises in Livingston, Scotland and employed 19 people at the date of administration.

Throughout its period of operation, the Company sought to originate, appropriately protect, and then commerciaily exploit new technologies. In that regard it boasted a portfolio of registered intellectual property, as well as expertise inherent in its workforce.

2.2 Funding and financial position of the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC247354/filing-history/MzI3NDk1ODEyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC247354

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