A ‘Tinder-for-property’ proptech app funded and run by PrettyLittleThing co-founder Adam Kamani has entered voluntary liquidation.
Adam Kamani is listed as company director and secretary of Movestreets Ltd at Companies House, where records also show the company has missed filing its latest accounts, which were due by March 29. Other members of the Kamani family have also served at the company, including recently-departed PrettyLittleThing CEO Umar Kamani, who resigned as a director at MoveStreets in 2019. Adam Kamani invested £5m in MoveStreets in 2021.
Simmonds & Company has been appointed to oversee the liquidation process, and has filed a statement of affairs which shows the company owed just over £2.8m to liquidators at the time of winding up. This included £1.2m to Adam Kamani and a further £1.5m to Makkma Investments, which is controlled by his father and Boohoo co-founder Mahmud Kamani..
Manchester app developer Apadmi was appointed to develop the iOS and Android development of the MoveStreets app at the time of Adam Kamani’s 2021 investment, when then-COO Craig Burton said: “The MoveStreets app is improving the way that homebuyers and renters search for property – it’s simple, it’s easy and it’s fun. We came to market with the first ’swipe right’ property app, but the potential to grow, disrupt and add more and more new features provides even greater opportunity to be truly innovative.”
MoveStreets used its Tinder-like ‘swipe right to like’ app to match people with a home to buy or rent, and last year took its first steps into the metaverse. The Movestreets website is currently returning an “Error 1016” DNS error message.
Prolific North has contacted MoveStreets for comment.