Freehand 2010 Limited (07446334): administration
- Status
- Administration ended
- Administration began
- 2022-11-22
- Administrators
- Stephen Robert Leslie Cork, Anthony Malcolm Cork
- Administrators' firm
- Cork Gully
- Incorporated
- 2010-11-22
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
From the administrators' statement
The Joint Administrators understand from the management team that the key factor leading to the Company being placed into Administration:
— Inability to recover from significant disruption to the Company’s fundraising and growth plans caused by the Covid pandemic; and
— Inability to raise sufficient funding from new investors or existing shareholders to provide a credible path forward given the Company’s funding requirements and the time available.
Administrators' statement of proposals (2023-01-17) · Companies House register