On 28 March 2025, Lindsay Hallam, Matthew Boyd Callaghan and Oliver Wright were appointed as joint administrators ("Administrators") of Chiaro Technology Ltd (the "Company" or "Elvie") and took over responsibility from the Board for the management of the affairs, business and property of Elvie. The appointment was made by Elvie's directors.
Immediately following their appointment on the 28 March 2025, the Administrators completed a sale of substantially all of Elvie's business and assets to Willow Blossom Holdco Limited.