Antix Labs Limited (06664221): administration
- Status
- Administration ended
- Administration began
- 2014-03-19
- Administrators
- Andrew Howard Beckingham, Joanne Elizabeth Milner
- Administrators' firm
- Cork Gully
- Formerly
- Antix Game Player Limited
- Incorporated
- 2008-08-05
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in August 2008 following the purchase of the business and assets of Xitna Limited (Formerly in Administration) The principal activities of the Company were to innovate, develop and license a software application player and content delivery service enabling the distribution of casual to premium games and other digital content to different types of mobile phone, as well as to TVs, PMPs, Netpads, PCs, and other digital devices
The Company was initially funded through institutional investment and loans from the former CEO of the Company In late 2010, when it became apparent that no further investment would be forthcoming, the Company approached the current chairman, Mr Robert Riezouw, with the aim of introducing new investment into the Company
An investment totalling US$10 8million was successfully secured from overseas investors in early 2011 An initial advance was made to the Company in the sum of $900,000, with the remainder to be drawn tn 33 monthly tranches of $300,000 to meet the ongoing operating costs of the Company
Administrators' statement of proposals (2014-04-17) · Companies House register