Loyalty Angels Ltd - Liquidation

Loyalty Angels Ltd, the parent company of UK-based loyalty app Bink, entered liquidation on 29 May.

The company’s Payment Linked Loyalty technology linked its customers’ payment cards with the loyalty programmes of its partner brands.

Despite a couple of successful equity raises, Bink has suffered significant losses for several years and recent efforts to secure additional funding were not successful.

Miles Needham and Sarah Cook of FRP Advisory were appointed joint liquidators.

All 46 staff have been made redundant.