Jobs lost as discount voucher site 5pm collapses into administration

Jobs have been lost after Scottish discount voucher website 5pm collapsed into administration.

The Glasgow-based firm, which rebranded as Kooble last year, was founded by Ronnie Somerville and David Maguire as 5pm.co.uk around 25 years ago.

Having appointed administrators on Friday, a statement confirmed that around 27 jobs have been lost as a result of the business collapse, which was caused following “challenges with cashflow”.

The move comes around a year after the hospitality firm, which was one of the first in Scotland to sell discount vouchers for restaurants, hotels, and spa treatments, rebranded as Kooble from 5pm.co.uk.

It also relaunched as a platform co-owned by hospitality operators.

Donald McNaught, joint administrator, said: “5.P.M. LTD. has unfortunately been placed into Administration following challenges with cashflow that could not be overcome.

“This has resulted in the loss of 27 jobs. Administrators are now seeking interest in the company’s remaining business and assets, and we invite any parties interested to get in touch as quickly as possible.”

The statement on Kooble’s website reads: “Donald McNaught and Graeme Bain of Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND have been appointed as Joint Administrators of 5 P.M. Ltd. to manage its affairs, business and property as its agents, without personal liability.

“Personal data will be kept secure and processed only for matters relating to the administration. 5 P.M. Ltd. remains the data controller for personal data processed for purposes that are not related to legal and regulatory obligations.

“Creditors of 5 P.M. Ltd should contact 5pmcreditors@jcca.co.uk with any queries.

“All other enquiries should be directed to the Administrators or their staff at restructuring@jcca.co.uk.”