# Streetteam Software Limited (09750608)

> Why UK company 09750608 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09750608

- **Status:** Administration ended
- **Administration began:** 2022-08-16
- **Administrators:** Philip Joseph Dakin, Matthew Ingram
- **Administrators' firm:** Kroll
- **Incorporated:** 2015-08-26
- **Location:** Birmingham
- **Industry:** 62012 Business and domestic software development

## Why it went into administration

- COVID-19
- Cash flow / liquidity pressure

## From the administrators' statement

Following turbulent trading conditions of the Company’s subsidiaries as a result of the Covid-19 Pandemic, the Directors of the Company had previously engaged Goldman Sachs to run a sales process with a view to a solvent sale of the Group. A sale was not forthcoming and so the Directors approached Kroll Advisory Limited to run an accelerated AMA process. No offers for the business were received on a solvent basis and so the Directors took steps to enter the Company into Administration.

2.4 Appointment

Matthew Ingram and Philip Dakin of Kroll were formally appointed Joint Administrators of the Company by its Directors on 16 August 2022.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09750608/filing-history/MzM1NTI1NDE4NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09750608

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