Kbox Global Limited (09556537): administration
- Status
- Administration ended
- Administration began
- 2023-10-11
- Administrators
- Nicholas Holloway, William James Wright
- Administrators' firm
- Interpath Advisory
- Formerly
- Splendid Restaurants Limited
- Incorporated
- 2015-04-23
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 23 April 2015. The Company licensed virtual food brands to “dark kitchen” operators and provided a one-stop solution technology platform for training and performance management.
The Company had 18 employees and traded from its leasehold offices in Bethnal Green, London.
The Company is a 100% subsidiary of Kbox Holdings Limited, which is not in insolvency proceedings. Kbox Global S.L (Spain) is a 100% subsidiary of the Company and is currently dormant. The group was ultimately owned through funds controlled and managed by Hoxton Ventures II G.P. LLP.
Administrators' statement of proposals (2023-11-27) · Companies House register