Pollen Capital Ltd (08585349): administration
- Status
- Administration ended
- Administration began
- 2018-02-05
- Administrators' firm
- Begbies Traynor
- Formerly
- Pollen Social Ltd
- Incorporated
- 2013-06-26
- Location
- London
- Industry
- 62012 Business and domestic software development
From the administrators' statement
Our proposals for achieving the purpose of the administration accompany this Statement. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The administration of the Company arose upon the High Court making an order on 5 February 2018 following an application by the Company. The application was supported by a witness statement of Martin Macmillan, one of the directors. Some of the background information below has been extracted from that witness statement.
The Company was incorporated on 26 June 2013 and is part of a group of companies that carried on the business of a specialist lender, providing receivables financing in the digital marketplace. Prior to the sale, the Company held the software rights to the in-house developed software code, providing the service which allowed numerous subsidiaries to trade.
Administrators' statement of proposals (2018-03-08) · Companies House register