# Globo PLC (05506731)

> Why UK company 05506731 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05506731

- **Status:** Administration ended
- **Administration began:** 2015-11-03
- **Administrators:** Simon Kirkhope, Lisa Jane Rickelton, Chad Griffin
- **Administrators' firm:** FTI Consulting
- **Formerly:** Israeli Acquisitor I PLC
- **Incorporated:** 2005-07-13
- **Location:** London
- **Industry:** 62020 Information technology consultancy activities

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
- Parent or group failure
- Regulatory change or action
- Loss of key people

## From the administrators' statement

31 Globo Plc ts the ultimate parent of the Globo group of companies (“the Group”) and was listed on the Alternative Investment Market Exchange (“AIM”) The business was founded in 1997 and owned subsidiaries in Cyprus, Greece, the United States of America, BVI, Jersey, Ireland and India A summarised organisational structure chart ts available in Appendix B

32 The Group provided certain IT business services in relation to mobile products and services The core business of the Group was focused on applications for mobile devices, such as

' The development and licensing of applications for use by consumers on “feature phones” (| e non smart-phones), " Provisions of tools for software developers within businesses to develop their mobile applications internally,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05506731/filing-history/MzEzODcwNjMzN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05506731

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.