A statement by the administrators simply said that "due to financial constraints the company has recently ceased trading." The administrators are now seeking to establish whether there is any interest in the company’s business and assets.
The business plans to cut down the hassle of buying a used car, making it no different to buying a book online. Customers will be able to place an order and have their car show up in their driveway just 48 hours later.
Now in its second year, the program offers fintech founders and their executive teams exclusive access to expertise and insights from some of the country's most successful entrepreneurs, investors and partners.
Providing technical SEO, tactical and strategic advice as well as digital PR services, Blue Array has been working behind the scenes on the lead up to the site launch, and will continue to support the brand in its growth.