A Manchester-based tech firm that helped users ‘organise the internet’ has gone into administration.
Wakelet was founded in 2014 by entrepreneur Jamil Khalil with a mission to help people find, organise and share information from the internet.
According to Companies House, Khalil resigned as a director on April 15th, 2025, alongside long-time investor Scott Fletcher, founder of ANS Group.
A notice in The Gazette confirmed Leonard Curtis were appointed as administrators on April 10th following a case in the High Court of Justice.
Khalil created a company called Reviven Limited in February 2025, with a registered address of Manchester’s Bright Building.
It’s understood that Wakelet went on the market as part of the administration process and Reviven successfully bid for the assets.
Fletcher confirmed to BusinessCloud that he wasn’t involved in the new vehicle but had nothing but good wishes for the founder.
“I wish Jamil and the team well as they move forward and hope that the product can continue on a positive journey,” he said.
Khalil has unavailable for comment but BusinessCloud understands the decision to go into administration followed difficulties in raising fresh investment.
A tech industry insider said: “The last two or three years have been tough for the whole tech sector. Money has been harder to access and valuations have been slashed.
“Investors have been more cautious and it’s created a perfect storm, which has hit even good businesses like Wakelet.”
According to Wakelet’s last set of accounts for 2023, shareholders’ funds had dropped to £2,015,531 from £4,923,682 in 2022.
Over the same period staff numbers had fallen from around 45 to 36, although the figure is thought to have dropped to around 20.