Mporium Limited (06032042): administration
- Status
- Administration ended
- Administration began
- 2019-11-20
- Administrators' firm
- Begbies Traynor
- Formerly
- Mopowered Limited; Mobank Limited
- Incorporated
- 2006-12-18
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was established in 2006 within the Mporium Group PLC (“the Group”) as a technology
The Company and other Group companies operated with certain common directors and the Company formed a key component of the Group's investment into the sector. The Company was headquartered ; and operated from leasehold premises in New Bond Street, London.
On 25 January 2019, the Group entered into a Strategic Collaboration Agreement with Allay (UK) Ltd | (Allay") pursuant to which it was appointed by Allay as the exclusive supplier to Allay of customers and | leads for Allay's business in seeking redress for breaches of consumer regulation (particularly, | payment protection insurance ("PPI")). As part of this arrangement, Allay paid for selected leads acquired from the Group’s partners. The Company, as the trading entity, commenced work under this agreement, and, whilst the contract to supply the leads to Allay was held by the Group, the Company supplied the services under the agreement and, in line with advice received, issued invoices ("the Invoices") on the basis that the supply of services was exempt from VAT.
Administrators' statement of proposals (2019-11-28) · Companies House register