Qovarian Holdings Ltd (11653625): administration
- Status
- Administration ended
- Administration began
- 2022-11-04
- Administrators
- Miles Needham, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-11-01
- Location
- St Albans
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Weather / natural events
From the administrators' statement
The Company was incorporated as a tech and software developer with a goal to build and operate the world’s foremost capability for a ‘Global Banking Network’. Delivering support for varied products, including cash management, payments, digital assets, NFT, crypto and more via a utility model.
The Company’s aim was to provide consumers with an all encompassing, digital wallet, packaged under their favourite brand.
Designed to serve any market segment, the platform would help brands build strong connections to their customers though blending banking services with lifestyle interests and passions.
Administrators' statement of proposals (2023-01-05) · Companies House register