Fresh 8 Gaming Ltd (07736447): administration
- Status
- Administration ended
- Administration began
- 2019-07-19
- Administrators' firm
- Quantuma
- Incorporated
- 2011-08-10
- Location
- Southampton
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 As mentioned above the Company operated a software designed to increase profitability to the sports betting industry with marketing automation technology. It relied on loans made by its holding Company, CV, to fund ongoing trading costs. The loans made by CV were as a result of investment which it had obtained.
3.2 The business was beyond start-up stage but was still in development mode and significant further investment was required to fund continued trade until the business became profitable. 3.3
3.4
Administrators' statement of proposals (2019-08-12) · Companies House register