Bristol technology firm 3radical has entered liquidation after no offers for the business as a going concern were received.
The decision was confirmed yesterday after being approved by creditors.
Christopher Errington and Paul Ellison of KRE Corporate Recovery have been appointed as joint liquidators of 3radical.
It comes just eight months after the audience engagement platform was bought by Electric Guitar as part of a buy-and-build strategy.
However Electric Guitar has blamed 3radical’s “revenues and new business generation being significantly below expectations” while the new owner struggled to raise funds after its own share price plummeted.
Electric Guitar has “minimal” cash balances and known creditors…
