# Confitrack Group Holdings Ltd (07907423)

> Why UK company 07907423 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07907423

- **Status:** Administration ended
- **Administration began:** 2014-06-18
- **Administrators:** Paul Stanley, Gary Norton Lee
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2012-01-12
- **Location:** Manchester
- **Industry:** 62090 Other information technology service activities

## From the administrators' statement

This statement has been produced based on information provided by the director

During 2010, AFS Trust, a private Swiss investment trust (“AFS”) owned by lan Altug, Esq entered into an agreement engaging Mark Allardyce, Darren Allardyce, Jeremy Sims and Donna Marie Zerbo (“Founders”) to develop the Software as a Service ("SaaS") product which 1s known as “ConfiTrack” AFS utilised an existing dormant corporation it had owned named Yasden Comercio Internacional E Sericos Sociedada (‘Yasden’”) which was registered in Madeira ian Altug then arranged for 93% of Yasden shares to be placed in a discretionary Swiss trust, Starlight Trust, for the benefit of the Founders and certain other preYasden investors AFS and Starlight have the same trustee

Yasden was funded by lan Altug with EU €50,000 and the agreement of unlimited legal services in return for 7% of Yasden shares Yasden also received from Mark Allardyce the US patent-pending application for the intellectual property comprising the eShipping and eTracking SaaS ConfiTrack All of the subsequent funding for the IP, legal and professional bills, hardware, licenses, other software, meetings with potential investors, fund-raising activities, etc had come from Donna Marnie Zerbo personally, and Rainy Day Projects, Ltd, a wholly-owned incubator company owned by Mark Allardyce

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07907423/filing-history/MzExMDA2MzcyMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07907423

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