Cybersports Limited (05916825): administration
- Status
- Administration ended
- Administration began
- 2013-06-28
- Administrators
- Michael Stephen Elliot Solomons, Andrew James Pear
- Administrators' firm
- BM Advisory
- Incorporated
- 2006-08-25
- Location
- London
- Industry
- 93290 Other amusement and recreation activities n.e.c.
From the administrators' statement
The Company was incorporated on 25 August 2006 as a developer and publisher of a sports MMO (massively multi-player online) computer game. The business traded from leasehold premises at Dunstan House, 14a St Cross Street, London, EC1 and employed two full time staff and three part time staff.
The business was funded by loans from Xoomworks Limited in excess of £800k and equity of £1.2m and a sertes of investment rounds, drawing a total equity of circa £12m from 148 shareholders The first game, entitled Football Superstars was launched in 2008 and was the first truly mainstream MMO game, bringing together a realistic football simulation from within an aspirational persistent 3D world. From Football Superstars an additional game, Striker Superstars, was released in 2010 as a browser-based online game
Restructuring and insolvency services are provided through BM Advisory LLP and our partners are licensed in the United Kingdom to act as insolvency practitioners
Administrators' statement of proposals (2013-09-11) · Companies House register