Collapsed challenger portal Boomin has officially named its liquidator as company documents this morning outlined a deficiency of almost £10m in the business.
Boomin, setup by former Purplebricks boss Michael Bruce, last month told its employees of plans to close after it struggled to raise additional funding.
Documents uploaded to Companies House today show its liquidator is BK Plus.
The documents for PD Innovations Limited, which traded as Boomin, shows a £9.8m shortfall when it comes to money owed to creditors.
A list of company creditors in the statement of affairs document shows Bruce is owed the largest amount at £4.1m, with £1.8m owed to HMRC’s enforcement and insolvency department.
Preferential creditors include 71 employees who are owed £127,372.80.
HMRC’s debt is listed as a second preferential creditor.
There are also 83 unsecured creditors owed £2.4m as well as 74 employees owed £794,904.87, according to the document.
Bruce is also listed as an unsecured creditor for the £4.1m owed to him from the company.
The document shows the business has assets worth £142,992.28.
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I have more failed businesses behind me than anyone I know. But I NEVER left one single employee with unpaid salary. Never, not once. This is utterly shameful conduct from someone who claims to care about people’s mental health.
Happy ****ing Christmas to the 74 former Boomin employees with unpaid salary owed just before Christmas, from Ebeneezer Bruce.
Hi Charlie, My sentiments entirely. By the way, get yourself up to EGNU in your 260SE sometime, nice grass strip, I have my Robin DR400 based there.
People have gone to Jail for less!! Another failed attempt in an already saturated market!!!
I'm so glad I didn't have any involvement when I had the chance - People must be mad to invest in a business that a certain person has created.
What did anyone expect! and the chav-esque naming....was only going one way - out of your pockets.
That's very sad about the 71 employees being owed £127k. I'm sure they worked hard to make Boomin a success but any property web site that promotes the use of ridiculous features like 'sneaky peak' and showing the public where estate agents have valued houses was always doomed.
"74 employees owed £794,904.87"
Agree with Peter. Out of senior staff and shop floor staff, It always seems to be the latter who suffer most in a company collapse, while those at the top get away largely unscathed.
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