Unlockd Media Technology Ltd (09799391): administration
- Status
- Administration ended
- Administration began
- 2018-08-13
- Incorporated
- 2015-09-29
- Location
- Egham
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 1 October 2015 for the purpose of carrying out telecommunication activities and in particular the development and advancement of the Unlockd App. It is a 100% subsidiary of Unlockd Media PTY Limited (“UMPL”), an Australian company. This company was also placed into Administration in Australia in June of this year.
UMPL developed an App which enabled mobile phone users to opt in to advertisements in
exchange for rewards. !t is understood that the App had in the region of 330,000 monthly active users worldwide.
Administrators' statement of proposals (2018-10-19) · Companies House register