The co-founder of Dream Agility has revealed the “hell” of the past two years after the highly-tipped tech start-up was acquired out of administration.
The Ramsbottom-based company – founded by husband and wife team Elizabeth Clark and Glyn Powditch in 2014 – has won numerous awards for its Google Shopping platform and turned round a six-figure loss to a six-figure profit in its last set of accounts.
But having hit cash-flow difficulties the company was recently placed into administration, with Patrick Lannagan and Conrad Pearson from business advisory firm Mazars appointed as joint administrators.
And after a four-week marketing process, the company’s business and assets have been acquired by Dream AI Limited, a new company founded by Clark’s daughter Lucy.
The deal has safeguarded 22 jobs and enabled the business to restructure and secure six-figure angel investment from family and friends.
And speaking to Prolific North, Clark said the move was the culmination of a two-year investor dispute and the launch of a new Google product that had “kicked us in the balls”.
