The Good BOX Co Labs Ltd (10272838): administration
- Status
- Administration ended
- Administration began
- 2022-06-28
- Administrators
- Stephen Patrick Jens Wadsted, Jeremy Charles Frost
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-07-12
- Location
- Altrincham
- Industry
- 26200 Manufacture of computers and peripheral equipment
Why it went into administration
- Weak consumer demand
- Supply chain disruption
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of our proposals has been prepared based on information provided to me by the directors of the Company and not from our personal knowledge as Administrators.
Purpose and formation of the Company
Good Box Co Labs Ltd (“Goodbox” or the “Company”) was founded in 2016 by Andrew O’Brien and Francesca Hodgson. The Goodbox mission was to position itself as a provider of technological support to organisations that underpin our society. The Company was founded on the insight that the use of cash is declining, and charities were being left behind due to the speed of the technical transformation. Since its incorporation, Goodbox's clients have raised over £12m for good causes, allowing vital funds to be raised where cash collections have significantly reduced. The COVID-19 pandemic was catastrophic for the charities who relied on footfall in their venues and on donations made at fundraising events. Further, the rate of digital transformation and cash decline significantly accelerated.
Administrators' statement of proposals (2022-08-23) · Companies House register