Travel and experiences start-up Pollen, which worked on events with the likes of Justin Bieber, Diplo and more, owed £78.6m ($90m/€91m) at the time of its collapse. According to filings on Companies House submitted by insolvency business Kroll, Pollen’s parent company Streetteam Software Limited owed £75m – £59.4m unsecured – to creditors when it fell …
Pollen faces administration – report
Events start-up Pollen is set to fall into administration, with restructuring firm Kroll ready to be appointed as administrators. According to a report from The Telegraph, the ticketing tech start-up is close to falling into administration after sales talks collapsed. It would also have a a knock-on effect for the tax payer, as Pollen received …
Troubles continue for events start-up Pollen
Workers at events start-up Pollen have revealed that there is still no update from the company’s chief executive over pay or a proposed deal with a new partner. Engineer writer Gergely Orosz has claimed multiple insights into the situation at Pollen, which has been deteriorating over the last few months. In May, Pollen laid off …
Pollen turns to Goldman Sachs and Kroll in search for buyer – report
Events start-up Pollen is reportedly trying to find a buyer, and has turned to investment banking company Goldman Sachs and restructuring firm Kroll to aid its search. According to a report from Sky News, Pollen has turned to the companies to help salvage its future. However, one source said that Kroll’s involvement was solely surrounding …