The company has informed its 20 staff of the closure and will fulfil all of its agreements with customers and creditors with its remaining funds. The office will finally close at the end of September.
Since announcing last month that it was winding down its business, Clickmango received a number of approaches from potential investors and purchasers, including one of the four leading supermarket chains. However, it was unable to agree a deal and in order to honour all agreements, company founders Robert Norton and Toby Rowland, son of the late Tiny Rowland, have decided to close the business on 11th September.
Robert Norton said yesterday:
"We have had a number of offers since we made the announcement last month and we have spoken to all of those who have shown interest in acquiring or investing in the business."
"However, time is the biggest issue. Rather than risk insolvency, we must now close the business to meet our contractual obligations to our creditors and to our staff. We have had a great deal of support over recent months and it is extremely important that we honour our agreements."
Clickmango.com will cease taking orders on 11th September and will take down the site on 12th September. After this date visitors to Clickmango.com will see a holding page.
Clickmango.com has given staff 30 days notice. Most of the team will leave the business on 8th September, however a skeleton staff will remain until the end of September.