Bristol tech firm 3radical collapses as parent company suspends shares on AIM
A Bristol data and technology company has fallen into administration months after being acquired for £1.28m in a reverse takeover deal. South West-based 3radical - the main subsidiary of digital marketing firm Electric Guitar Plc - has instructed Paul Ellison and Christopher Errington of KRE Corporate Recovery to market its business and assets for sale.
It is understood that KRE will be appointed administrators with a view to completing a pre-packaged sale of 3radical. The decision was made with the agreement of Electric Guitar's board after the firm struggled to raise equity funding.
The news comes just two days after Electric Guitar suspended its trading of shares on AIM as it seeks to clarify its financial position.
Electric Guitar has been working on a
Recommend
Somerset Council warns over bankruptcy without steep council tax rise
2025-04-12 06:05:43
2025-04-12 06:05:43
Spring Statement 2025: 'Business confidence can’t take any more blows'
2025-04-12 06:05:43
2025-04-12 06:05:43
North Somerset robotics firm to expand Portishead base after securing £500k
2025-04-12 06:05:43
2025-04-12 06:05:43
Penzance Dry Dock secures £2m towards major refurbishment
2025-04-12 06:05:43
2025-04-12 06:05:43
Cornwall firms land share of £5m for offshore wind projects
2025-04-12 06:05:43
2025-04-12 06:05:43
Leeds' Utc Travel receives £275k investment to grow online offer and create jobs
2025-04-12 06:05:43
2025-04-12 06:05:43
WealthTek boss John Dance charged with £64m fraud and money laundering
2025-04-12 06:05:43
2025-04-12 06:05:43
Sir James Dyson says Labour 'killing off family businesses' with inheritance tax
2025-04-12 06:05:43
2025-04-12 06:05:43
Bristol fintech Moneyhub appoints new chief executive
2025-04-12 06:05:43
2025-04-12 06:05:43
Hull's Think360 secures £100k investment following run of contract wins
2025-04-12 06:05:43
2025-04-12 06:05:43
