Crowd2Fund is restructuring, with founder Chris Hancock (pictured) stepping down as chief govt, Peer2Peer Finance Information can reveal.
It’s understood that Hancock will stay concerned with the peer-to-peer enterprise lending platform as a advisor.
A First Gazette discover for Crowd2Fund’s obligatory strike-off was filed with Corporations Home on 4 July 2023.
Learn extra: Crowd2Fund urges SMEs to contemplate crowdfunding
It’s understood that this was because of the late submitting of accounts, with the delay because of the restructuring of the enterprise.
The restructuring is assumed to comprise the institution of a board to boost company governance, in addition to new senior administration and operational employees hires.
Peer2Peer Finance Information understands that Crowd2Fund plans to file the accounts throughout the subsequent week, at which level the proposal to strike off can be withdrawn.
Crowd2Fund has been contacted for remark.
In January this yr, Crowd2Fund introduced that its traders deposited £2.2m of extra capital on the platform in 2022, serving to 60 entrepreneurs elevate funds. It mentioned on the time that this meant that Crowd2Fund has helped to assist 700 British companies because it was based in 2014.