Staels Design, trading as WheelAir, has appointed liquidators.
The Glasgow-based disability equipment supplier developed a range of products to regulate the temperature and moisture levels of wheelchair users, who are at higher risk of overheating.
Its proprietary technology attracted the attention of Dragons’ Den investors Peter Jones and Deborah Meaden, who wanted to invest in the business after its founder Corien Staels appeared on the BBC show.
However, following funding issues, WheelAir has become unable to continue trading in its present form.
Donald McNaught, head of restructuring at Johnston Carmichael - which was appointed as interim liquidator - said: “The firm offers a very exciting opportunity to acquire an established business with an innovative market-ready product and unique intellectual property with the potential to transform the lives of wheelchair users.
“Interested parties have until Wednesday 8 February to place a bid.”
Hilco Streambank is assisting Johnston Carmichael in the sale of Staels Design's intellectual property and business assets.
Founded in 2016, the business is best known for its WheelAir system - a patented cooling back-rest cushion which can be retrofitted to any wheelchair.
Designed with the input of Paralympic athletes as well as wheelchair producers, Wheelair is the product of several years of development and almost £1m in investment.
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