Sparkle Global Entertainment Limited (07439684): administration
- Status
- Administration ended
- Administration began
- 2014-11-04
- Administrators
- Lane Gary Bednash
- Administrators' firm
- CMB Partners
- Incorporated
- 2010-11-15
- Location
- London
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated on 15 November 2010 to develop a web-based application as a
vehicle for celebrities to upload 6-minute videos for interaction with the general public
The business was funded by a private convertible loan of £700,000, provided by Adaugeo Holdings Limited (“Adaugeo”) A team of developers were employed to construct the application which would run from any computer, tablet or mobile phone The Company also hired a sales director, Steve Burns, to
Administrators' statement of proposals (2015-05-13) · Companies House register