# Bamboo Systems Group Limited (09800355)

> Why UK company 09800355 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09800355

- **Status:** Administration ended
- **Administration began:** 2021-11-16
- **Administrators:** Benjamin John Wiles, Geoffrey Wayne Bouchier
- **Administrators' firm:** Kroll
- **Formerly:** Kaleao Limited
- **Incorporated:** 2015-09-29
- **Location:** London
- **Industry:** 26200 Manufacture of computers and peripheral equipment

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Property / lease costs

## From the administrators' statement

The Company has raised investment from shareholders over the past six years which has been used to fund the development of arm servers and the net-zero server solution, as well as meeting the ongoing operating costs of the business. This included securing $6.8m of funding in June 2020 in the form of convertible loan notes.

As part of its ongoing strategy to continue to develop the business, the Company intended to undertake further rounds of funding in Q1 2022 in the region of £10-15m. However, in the meantime, the

Company required bridging finance of £1.2m during Q3 2021, which it sought from its existing

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09800355/filing-history/MzMyNTc3NjE3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09800355

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