Tuesday 26 July 2022

*UKHotViews Extra* Houst saved from administration with novel Restructuring Plan

Complete the following: “If you spend more than you earn …”

It’s a sad fact of life that few start-ups make it for the long haul. The main reason is usually that they run out of cash. Applies to established businesses too, of course.

logoHowever, one entrepreneur is taking a unique approach to try to save his business. He’s James Jenkins-Yates, founder and CEO of London-based Airbnb host management services platform, Houst (formerly Airsorted). Jenkins-Yates announced yesterday that Houst has reached agreement on a Court-sanctioned Restructuring Plan, apparently the first SME to pursue this path.

TechMarketView subscription service clients and UKHotViews Premium subscribers can read more on UKHotViews Extra.

Posted by Anthony Miller at '09:27' - Tagged: funding   startup