Byyd Tech Limited (06746083): administration
- Status
- Administration ended
- Administration began
- 2016-04-19
- Formerly
- Adfonic Ltd
- Incorporated
- 2008-11-11
- Location
- Marsh Wall
- Industry
- 73110 Advertising agencies
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Albeit that statutory information is contained in Appendix Il, these Proposals provide brief details in relation to the Company's history This history has been compiled following conversations between the Team and the Directors, subsequent to the placing of the Company into Administration
The Company was incorporated on 11 November 2008 and initially called Adfonic Limited, later changing its name to Byyd Tech Limited on 2 February 2014 due to competitor copyright action The Company commenced trading from the Trading Premises
The founding directors of the business were Mr Biggs, Mr Childs and Mr Malachard Mr Biggs’ role was Chief Technical Officer, Mr Childs’ was head of marketing and operations and Mr Malachard was the Chief Executive Officer
Administrators' statement of proposals (2016-06-09) · Companies House register