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One of Wales’ leading tech firms collapses into liquidation

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Amplyfi has secured equity backing from the Cardiff Capital Region and the Development Bank of Wales

One of Wales’ leading tech firms Amplyfi, whose expansion plans were backed with equity investment of £7m from the Cardiff Capital Region and the Development Bank of Wales, has collapsed into liquidation.

The Cardiff-based firm had developed an AI powered market intelligence platform used by global clients to better identify and react to market changes. However, with advances in AI platforms, such as ChatGPT, the business had come under increasing market pressures.

Bethan Evans and John Cullen of the Cardiff-based office of insolvency practice Menzies have been appointed joint liquidators.

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Menzies said the the position is a creditors voluntary liquidation driven by Amplyfi’s board and not a result of a creditor petition to liquidate the business. What creditors, both secured and unsecured, are owed is is expected to be confirmed in the coming days with liquidators publishing, via Companies House, a statement of affairs.

Equity holders are the lowest ranked in any liquidation process, so even assuming there is any IP asset realisation through the insolvency process – the Development Bank of Wales and the Cardiff Capital Region’s equity fund are not expected to get any return.

The Development of Wales backed Amplyfi with a £2.6m equity investment to become a minority shareholder as part of an investment round that was led by Hong Kong-based QBN Capital back in 2022.

The Cardiff Capital Region’s £50m Innovation Investment Capital (IIC) fund, which is managed by Capricorn Fund Managers, made an equity investment of £4.7m into the company in 2023.

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It was the fund’s maiden investment and now represents its first failure, although its other investments could generate significant returns via future exits. To date the fund has made ten equity investments, with a mandate per deal of between £3m to £5m.

The Cardiff Capital Region is made up of the ten local authorities of south-east Wales. The IIC fund, through the region’s £1.3bn now nearly fully invested £1.3bn City Deal, was funded by the UK and Welsh goverments. The Development Bank of Wales is wholly-owned by the Welsh Government.

A spokesperson for the Cardiff Capital Region said: “Innovation Investment Capital is a £50m fund established as an arms-length, FCA regulated limited partnership. It is independently administered by specialist fund managers to provide scale up investment to growing businesses from across south east Wales and attract inward investment to the region.

“Following a rigorous process, IIC invested £4.7m in Amplyfi. Sustained efforts were made to support Amplyfi, alongside co-investors, in a challenging and rapidly evolving AI landscape. As a minority shareholder, we will wait on the outcome of the liquidation process.”

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A spokesperson for the Development Bank of Wales said: ‘We were sorry to be informed that the directors of Amplyfi have taken the decision to proceed with the liquidation of the company. The Development Bank of Wales last invested in the business in 2022.

“We have invested £2.6m in equity in Amplyfi and, as a minority investor, we will now await the outcome of the liquidation process. It would not be appropriate to comment further at this stage.”

Amplyfi, based at offices at the 1 Central Square office scheme, had made a number of redundancies last year. At one stage it has a workforce of around 40.

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Trends Shaping Dental Practice Management in the Digital Economy

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Trends Shaping Dental Practice Management in the Digital Economy

Dental practices are experiencing significant change as operational digitisation and rising consumer expectations redefine business management in the sector. Practices must balance efficiency, regulatory compliance, and customer trust, making it necessary to adapt to new technologies and workflows to remain competitive in the digital economy.

The dental sector illustrates how professional service businesses adapt to technology and evolving customer demands. For a dentist city of London, successfully navigating business operations now means integrating innovation while maintaining client trust. Driving factors for modernisation include the pursuit of productivity, adapting to more rigorous regulations, and meeting convenience standards aligned with the wider service sector.

This environment positions dental practice management as a case study for business leaders monitoring digital transformation and operational performance. The emphasis is on how digital solutions change day-to-day administration, cost management, and customer experience, as well as the increasing complexity of compliance in professional service sectors.

The influence of digitisation on daily operations

Technology is transforming core operational interactions between dental practices and their patients, raising expectations for convenience and transparency. Tools such as online appointment scheduling, automated reminders, and digital registration forms are increasingly routine, reducing administrative burdens and minimising lost revenue from missed appointments.

Modern practice management systems enable real-time scheduling, resource allocation, and centralised communication. By consolidating previously separate tasks, these systems help practices streamline information flow and maintain accurate records. As efficiency becomes more important for managing costs and competitive pressures, effective use of these digital tools is shifting from being an advantage to a baseline expectation in practice operations.

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Using data for improved business decisions

Dental businesses are making more extensive use of business intelligence and data analysis to support decision-making. Dashboards and reporting platforms enable tracking of operational metrics including surgery utilisation, no-show rates, and marketing returns. The visibility this provides helps leaders adapt processes, monitor outcomes, and pursue targets more efficiently.

Responsible data management is crucial, especially when handling sensitive information, but aggregating business data can reveal areas for operational improvement. By highlighting trends in bookings, cancellations, or patient retention, reporting tools can inform resource planning and targeted marketing, supporting business growth and profitability while maintaining compliance standards.

Adapting payments, financing, and reputation management

Patient payment preferences are influencing how dental practices manage financial transactions and billing. More practices are adopting flexible payment options such as digital wallets and automated billing, reflecting changes seen in other consumer service businesses and helping to improve cash flow and predictability.

In terms of market positioning, reputation and discoverability are now significantly affected by online search, listings, and patient reviews. Practices that implement structured processes for reputation management, monitoring digital profiles and responding promptly to feedback, can better support their public image and patient acquisition strategy in a crowded marketplace.

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Risk management, staff workflows and future evolution

Risk management has become paramount as digitisation increases, prompting greater investment in cybersecurity, staff training, and access control. Practices are strengthening their approach to vendor management and incident response to ensure operational resilience and regulatory compliance.

Workforce management practices are evolving through digital rota systems, electronic onboarding, and workflow automation, which cut administrative overheads and increase staff efficiency. Automating repetitive operational tasks may also contribute to employee retention by allowing dental professionals to focus on value-added activities and customer care.

Looking forward, integration between digital solutions, the adoption of artificial intelligence for administrative support, and the drive for transparent, streamlined workflows are all under consideration. Avoiding excessive fragmentation of digital tools and strengthening data management processes are ongoing aims for practices, including organisations such as Harley Street Smile Clinic. Those practices that anticipate and adapt to these operational trends are likely to remain competitive in the business environment shaped by the digital economy.

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Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador

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While the world’s democratic superpower was maintaining armslength from Narendra Modi (then Gujarat Chief Minister in 2012-13), Europe led by an European Union delegation in India was quietly engaging with the BJP leader nearly two years before the Lok Sabha elections. In fact, Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various European countries to a quiet lunch with Modi at the capital last year. And in the runup to the polls, he even travelled across India to get a sense of the probable outcome and interacted with all players cutting across the political spectrum, something foreign envoys seldom do. In an interview with ET, Ambassador Cravinho described India’s new Prime Minister as a man with clarity of thought who has a clear vision for India and governance. The Ambassador feels that EU member states have the potential to drive Modi’s economic diplomacy and help boost India’s economic health.

How do you view this victory of Narendra Modi and the BJP? And how will it impact the Indian economy?

We want India to do well. This election has ensured that there’s political stability for the next five years. A decisive leadership would mean tougher decisions, and no good governance is possible without tough decisions. The BJP-led NDA has a clear mandate to take bold and innovative decisions. International politics is not about zero-sum game and while India would economically engage other powers, EU has the potential to drive growth in India. EU is already the single biggest trading partner as a bloc, and is the single largest source of FDI for India as a bloc. We are ready to meet India’s needs in the fields of technology and funds.

You have interacted with Modi when he was the Gujarat Chief Minister. How do you rate him as a leader of modern India?

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As a former Secretary of State for Foreign Affairs and Cooperation of Portugal, I had interacted with various leaders worldwide and I can say that Mr Modi is among the best. He has clarity of thought and clear vision of governance and that’s what India requires. He also has a very clear understanding of the challenges before the country. He is a good listener as well as a good talker and can engage in enriching discussions. No Prime Minister would like to have communal strife on his record, and I am certain that he would not allow any communal tensions in India. His priority is to boost the economy and he has his eyes set on that.

Where do India-EU relations go from here? What are the priority areas for India-EU and what’s the future of Free Trade Agreement that’s being negotiated for many years now?