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Events startup Pollen’s assets sold for £158k amid HMRC dispute

Investigations into bust events company Pollen continues following the sale of its assets.
Image credit: Mubashir Abbas Zaidi / Shutterstock

The assets of failed events startup Pollen have been sold for just under £158,000, with administrators moving the company once valued at £632m into liquidation to continue an investigation into its operations.

StreetTeam Software Limited – trading as Pollen – was issued a winding-up order in a Birmingham court on 18 December 2023 owing more than £82m to creditors, a figure higher than previously thought.

It has now moved out of administration and into compulsory liquidation. All assets have been sold, which means there is no additional money to repay creditors.

The London-based company raised hundreds of millions from investors and organised events with leading musicians before going bust in 2022.

A spokesperson for Kroll, acting as administrator, told UKTN that it had moved Pollen into liquidation to continue its investigations into the company’s affairs....