Karakuri Ltd (11228129): administration
- Status
- Administration ended
- Administration began
- 2023-07-28
- Administrators' firm
- RSM
- Formerly
- WWH Holdings Ltd
- Incorporated
- 2018-02-27
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Rising interest rates
From the administrators' statement
The Company was incorporated in February 2018 and has operated as a sole entity under the trading name Karakuri. The Company has no registered charges against it.
Since incorporation, the ownership of the Company changed following various investments made by third parties in exchange for equity stakes and convertible loan notes (CLN).
As a result, the current ownership is as follows:
Administrators' statement of proposals (2023-08-14) · Companies House register