Blog posts tagged with: liquidation

Another Crowdcube Zombie calls it a day - Workabode liquidates after raising twice on the FCA regulated platform

Founder Trevor O'Hara is a cracker - he's from Ireland. This is not a story of a near miss or bad luck. It's not even a joke. No, this is a story about nonsense, about promoting £21m of net profit,...

A Suit that Fits now doesnt. Liquidation beckons.

After a somewhat bizarre failed rescue attempt, DKSG Bespoke, ASTF's and any other associated companies are heading for the chopper. 

Crowdcube's Mindflood DIYs its own Liquidation.

Mindflood or Patchworks, a tech company based out of NI, raised money on Crowdcube in 2015. Shareholders have heard nothing since 2016. Now in June 2019, they are told that the company is closing...

White Car Crash starting to reveal its secrets.

White Car has crashed - of that there is no doubt. Now in liquidation, not long ago it was raising £800k on Crowdcube with a very upbeat message from founder and CEO Mark Douglas Strachan. 

Zing Zing Express orders up a CVA and Pivot to save the day. Was this on the menu?

Bizarrely and much to the irritation of some Crowdcube investors, Zing Zing have applied through Begbies for a CVA at the same time that they were trying to raise more money privately from their...

Calling on shareholders of Recruitive Software in liquidation.

As all shareholders in Recruitive Software Ltd will know, the company is in liquidation. ECF Solutions is acting on behalf of one the company's shareholders.

Another example of our Insolvency services being not fit for purpose.

BSix Group funded using Angelsden in 2014 - taking around £166,000 off investors. Now it has been liquidated and yet the amount put into the business is declared as just £400 by the Liquidators. 

Our Insolvency Laws are not fit for the 21st Century

The golden rule for administrations and liquidations is that the insolvency practitioners must maximise the return from the sale off the failed company's assets, for creditors. In a age when the...

An email from Blanked out for legal reasons Ltd.

We had this email from Blanked Out due to legal action  - in liquidation - this afternoon. 

Big Hole and Tight Corner as H&C liquidates leaving debts.

Seedrs Gartenzwerg applies for liquidation and plans possible phoenix whilst still accepting donations on Indiegogo.

Gartenzwerg raised £260k on Seedrs in February 2018. Now it has written to these same shareholders to say adieu and sorry. Ahhh. And if you are lucky you can still give them your money via their...

Two Heads Beer puts its Beer Boutique into Liquidation. It funded on Crowdcube valued at £2m less than a year ago.

332 Crowdcube investors put in £375k in the Summer of 2018. Now the founders have told them that The Beer Boutique Ltd - part of the group with 3 stores, is closing down via a CVL.

Seedrs' success Vini Italiani crashes out with a pre pack and debts to its traders of £650k.

Vini funded 3 times on Seedrs  - a total of £670k invested. At the end of last year they gave up and called in the Admin Boys. But not before one of them had set up a newco, B Wines, to...

Finally the Cgon saga ends in liquidation. Another Crowdcube success story.

Cgon raised £180k on Crowdcube in 2014. Next week it goes into liquidation. Their projections showed profits for £14m by now on a £20m turnover. Where will it all end?

Hopscotch Brands' Choc+ finally crash out leaving investors licking their fingers and claiming loss relief.

So another Crowdcube company ends. This one had been a zombie for a while. Crowdcube investors gave them £168k in 2015 and an email seen buy us in December 2017 declared its closure. A full 12...

Not much intelligence in Wisdom of Crowds as another Crowdcube funded business is dissolved.

Wisdom of Crowds has eventually closed, gone west; lain down its weary head at last. Crowdcube investors gave this outfit £400k in 2015. Why?

Crowdcube's Socapps finally says So Long, So What, Farewell, Hard Luck.

Socapps funded via Crowdcube in 2014. It took £77k off investors. It hasnt done much since and has now, after a long time in limbo, finally issued a Final Gazette.

Ethos Global in Liquidation and newco Soma London England in deficit - what is going on here?

Ethos Global, which took £709k off Crowdcube investors and is now in Liquidation, has seen no filings posted at Companies House for almost 12 months. In fact the Liquidation, instructed by court...

Crowdcube's Ethos Global fiasco runs and runs

Ethos Global, run by Dr Theo Koutrakides and his wife, Jennifer Hersch, was put into liquidation by court order in July 2017. It had raised over £700k on Crowdcube just a year before. That...

Perry Carroll is still peddling his version of the Solar Cloth Company disaster

Peregrine Carroll, to give him just one of his used names at CH, took £967k off Crowdcube investors. His company Solar Cloth Company, then went into administration, was sold for tuppence to a...