Mobicart Limited (07271884): administration
- Status
- Administration ended
- Administration began
- 2013-11-25
- Administrators
- Steven Phillip Ross, Ian William Kings
- Administrators' firm
- Rivers Capital Partners
- Incorporated
- 2010-06-02
- Location
- Sunderland
- Industry
- 62012 Business and domestic software development
From the administrators' statement
The Company commenced trading from rented premises in the north of England in 2010 as a mobile commerce business primarily involved in the provision of a flexible, automatic framework which allows users to build and manage 1OS and Android applications
Since incorporation, over £100,000 has been spent in order to develop a mobile commerce application The expenditure had been capitalised to be amortised over 3 years following the launch of the product
During 2011, further investment from NEAF LP, acting by Rivers Capital Partners Limited (‘Rivers Capital’), totalling c£45,000 00 and Northstar Equity Investors Limited (“Northstar Ventures”) of c£100,000 00 was secured in order to progress the development and help with cash flow to get the product to launch date
Administrators' statement of proposals (2014-01-02) · Companies House register