# Sparkle Global Entertainment Limited (07439684)

> Why UK company 07439684 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07439684

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07439684/filing-history/MzEyMzA1ODM3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07439684

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