Ofcom received a complaint in Feb 2020[1] which it investigated -- taking a year to reach this conclusion is not 'sudden'.
The request to transfer the licence to another entity didn't supply all the required information for the transfer[2].
Ofcom operates with a bias against meddling[3] -- you've got to try quite hard to get them riled but not complying with broadcasting law is definitiely one way to do it.
[1] https://www.ofcom.org.uk/__data/assets/pdf_file/0025/212884/...
[2] https://www.ofcom.org.uk/about-ofcom/latest/media/media-rele...
[3] https://www.ofcom.org.uk/about-ofcom/policies-and-guidelines