Kagool Ltd - Administration
Kagool Ltd, a Coventry-headquartered global data and analytics specialist with offices around the world, entered administration on 3 November, as part of a restructuring that only impacts its UK operations. Peter Kubik and Brian Johnson of UHY Hacker Young were appointed joint administrators. The company has experienced a significant decline in customer IT investments across the UK and the EU over the past 12 months, but significant growth in non-UK revenues. As a result, the majority of UK employees already work on non-UK projects for other companies within the Kagool group. The company also moved its global R&D centres to the UAE 12 months ago. UK Working Capital Limited has a registered charge against the company.