The business behind a 'Tinder-style' property app run by PrettyLittleThing co-founder Adam Kamani entered liquidation owing almost £3m.
MoveStreets was a 'swipe right to like' app which matched people with a home to buy or to let. In December 2021, Mr Kamani pledged a £5m investment and selected fellow Manchester-based company Apadmi as MoveStreets’ development partner.
However, according to a notice filed with The Gazette, Simmonds & Company has been appointed to oversee the liquidation process. The notice also reveals that it is a creditors' voluntary liquidation.
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According to Companies House, MoveStreets' latest accounts are overdue to be filed, having supposed to have been done so by March 29.
The business was set up in 2019 and was based in Little Peter Street, Manchester. But according to a statement of affairs document filed by the liquidators, MoveStreets owed £2.8m to its creditors.
Mr Kamani was owed £1.2m while Makkma Investments, which is controlled by his father and Boohoo co-founder Mahmud Kamani, was owed £1.5m. A further £88,220 was owed to MAK Manchester, a company that counts both Adam and Mahmud Kamani as its two directors.
The company's website is now showing an error message while the app no longer appears to be available to download.
In January 2022, MoveStreets partnered with a Nike-owned company to move into the metaverse. The move also saw the firm team up with US-based RTFKT Studios to create its own NFT.
Mr Kamani is also the chief executive of the Kamani Property Group and the son of Boohoo co-founder Mahmud Kamani. He set up PrettyLittleThing in 2012 with his brother Umar before Boohoo bought a majority stake in 2017.
MoveStreets and Simmonds & Company have been contacted for comment.
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