Friday, 2 October 2015

Kinopto closed for failure to file accounts

Kinopto raised money on Crowdcube in 2012. They were 'inventing' a new way to view films.

The company was closed by HMRC last month for failure to file accounts. No word about what was owed or what happened. Just goes to show that you invest money in these companies via sites like Crowdcube and you have absolutely no control over what happens next.

It does strike us as odd that not only have all the creditors and investors lost money, but at a time when reports are showing so much of the UK's health service is in financial meltdown, the Government is throwing tax payers money at companies like this and all the other ones we have listed on this blog. We estimate that the money wasted so far across all platforms is around £50m and growing exponentially.

Where the hell are the FCA?

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