# Mobicart Limited (07271884)

> Why UK company 07271884 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07271884

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07271884/filing-history/MzA5MTgzMzIwOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07271884

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