Quantuma appointed as joint administrators of Win Cash Live
Chips are down for Win Cash Live
Simon Bonney and Andrew Hosking, partners in restructuring specialists Quantuma, have been appointed as joint administrators of Lean Forward Ltd, trading as gambling website Win Cash Live.
Launched in 2014, offering both an online and mobile phone service, Win Cash Live concentrated on sports and show business betting plus casino-style games.
Lean Forward Ltd was based at Kingsland House, Hinton Road, Bournemouth.
Simon Bonney, Quantuma head of TMT, said: “Management had been seeking additional investment and subsequently commenced an accelerated sale process.
“However, while there was significant interest, no formal offers were received and consequently the directors had no alternative but to place the company into administration,
“Unfortunately, on appointment, the joint administrators also had no alternative but to make the 23 employees redundant and cancel all outstanding bets.”
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