Assets
Their marketing first word salad IP would have been a saleable asset a few years back but, sadly, AI has degraded it's value recently.
A self-described specialist supplier of "transformational data and AI solutions" to the UK government has called in the administrative receivers. CloudKubed, based in Witney, Oxfordshire, appointed FRP Advisory on January 6, according to a filing at Companies House, the official register of corporations in Britain. We asked …
What's that? A company set up during the pandemic (when government oversight seemed to have gone on a holiday) wins a number of government contracts then a couple of years later goes bust? I wonder where the money went? Or even if they delivered anything? Or (allegedly) bought a yacht with the cash? We'll probably never know.
Well, the company had at least one contractor (quoted in article), probably some employees, and was awarded some contracts so some kind of activity occured. I'm sure the non-executive director will be replying to The Register's question soon.
(but I'm not holding my breath).
According to its website, the business offered "scalable digital strategies," "portfolio transformation," "program and project management," "cloud and data engineering," "enterprise architecture," and "business transformation alignment," among other things.
Had they put Digital transformation in there too then I'm sure they'd still be in business...
Absolutely as if somebody pulled out an 2005 glossary of dubious terminology and strung random buzz words together.It is P T Barnum for the 21st century sadly the 'suckers' i.e. UK Government poured a fortune into the company which no doubt funded large excutive bonuses. Sadly if you use .gov websites like the HMCE you can see how incapable of oversight the departments are, Income Tax pages are a morass of large pretty (and totally unecessary) pictures which hamper usage and loading along with mazes of links which take users into blind alleys.