Georeach Global Limited (09359134): administration
- Status
- Administration ended
- Administration began
- 2017-08-08
- Administrators' firm
- Quantuma
- Incorporated
- 2014-12-17
- Location
- Maidenhead
- Industry
- 62012 Business and domestic software development
From the administrators' statement
3.1 The Company obtained funding in March 2015 and additional funding towards the end of 2015 via a fund raising memorandum.
3.2. Following the funding it was considered by the majority of shareholders that members with experience in security and source code development should be added to the current board of directors. This would provide added confidence for investors in the Company’s ability to deliver on the business memorandum prepared by the Chief Technology Office (“CTO”).
3.3. Unfortunately the new board experienced problems due to infighting between members. As a result of the infighting, the CTO, Chief Executive Officer and Chief Financial Officer all resigned from their positions 3.4
Administrators' statement of proposals (2017-10-09) · Companies House register