# Digital Distribution Networks Limited (06436769)

> Why UK company 06436769 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06436769

- **Status:** Administration ended
- **Administration began:** 2014-05-02
- **Administrators' firm:** Moorfields
- **Incorporated:** 2007-11-26
- **Location:** London
- **Industry:** 62020 Information technology consultancy activities

## Why it went into administration

- Property / lease costs
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Energy costs
- Loss of key people

## From the administrators' statement

The Company was incorporated on 26 November 2007 under the name Digital Distribution Networks Limited using the trading style Bloom fm The Company traded from serviced offices located at Unit 129, The Lightbox, 111 Power Road, London, W4 SPY (“the Trading Premises”) From 24 December 2009 this was also the Company's registered office

The Company's business ts Bloom fm (“Bloom”) which Is an all-in-one music app for smartphones, which combines a 22 million track library, streaming radios, music discovery, track caching and a local Itbrary player

The Company negotiated and agreed contracts with over 40 record labels, however, contracts with Sony, Universal and Merlin were subject to ownership of DDN IP, these labels accounting for more than 75% of the overall track library available via the Bloom app

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06436769/filing-history/MzEwMjE5ODQwMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06436769

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