5 P.M. Ltd. trading as Kooble - Administration

5 P.M. Ltd. trading as Kooble, a Glasgow-based online voucher company, has entered administration.

The firm is one of Scotland’s oldest hospitality booking websites, having been founded by Ronnie Somerville and David Maguire some 25 years ago.

Joint administrators Donald McNaught and Graeme Bain of Johnston Carmichael do not appear to have commented on the reasons for the administration, but have confirmed that 27 jobs have been lost. £1 million of bookings are reportedly at risk of not being fulfilled.

Clydesdale Bank has a registered charge against the company.