Tuesday, July 16, 2024

Administrators appointed to KBOX Global Limited

KBOX Global Limited, a brands and performance food tech business, has entered administration.

Founded in 2015, KBOX operated via a cloud kitchen, or ‘dark kitchen’ model, utilising spare kitchen capacity in restaurants, hotels and pubs, and licensing a suite of delivery-only brands to its client base. The company also provided a one-stop solution platform for training and performance management.

The company had experienced trading difficulties which led to pressure on its liquidity. After exploring a number of options, including the possibility of a sale of the business, it became clear that a solvent solution was not available, and as such, the directors took steps to seek the appointment of administrators.

Immediately following the appointment of the joint administrators, Nick Holloway and Will Wright from Interpath Advisory on 11 October 2023, all 18 employees were made redundant. The joint administrators will be supporting employees in making claims for monies owed to the Redundancy Payments Office.

Nick Holloway, Managing Director at Interpath Advisory and joint administrator, said: “This is a challenging time for many dark kitchen operators, as cost inflation continues to impact margins.

“We will now be exploring the rapid sale of both the brands and platform, and would ask that any interested parties make contact with us at the earliest opportunity.”

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