Manchester-headquartered connected vehicle data company Wejo, which is listed on the US Nasdaq, has filed a notice of intention to enter administration.
Wejo Ltd, an indirect, wholly-owned subsidiary of Wejo Group, is preparing to appoint Andrew Poxon and Hilary Pascoe of Leonard Curtis Recovery as administrators.
In a statement, the company added that it is evaluating whether it will file ancillary insolvency proceedings for Wejo Group and its other subsidiaries in other jurisdictions, including in the United States, in due course.
