Curveball Media Ltd (08096742): administration and why it failed

Curveball Media Ltd (08096742): administration

Status: In administration
Administration began: 2023-11-16
Administrators: Paul Ellison, David Ronald Taylor
Administrators' firm: KRE Corporate Recovery
Incorporated: 2012-06-07
Location: Reading
Industry: 59112 Video production activities

Why it went into administration

COVID-19
Funding withdrawn / unable to refinance
HMRC / tax arrears
Creditor pressure / legal action
Sustained trading losses

From the administrators' statement

3.1

3.2

Due to the impact of COVID-19 pandemic and subsequent lockdowns, the Company saw a decline in new business from both new and existing clients. This resulted in a decline of online searches in respect of the industry related search terms, which was the primary source of the Company sourcing new work/leads.

Administrators' statement of proposals (2024-01-18) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts