Successful sale of Novastone Media - ReSolve Group UK

Successful sale of Novastone Media

ReSolve Group UK

Successful sale of Novastone Media

ReSolve is pleased to announce the sale of the business and assets of Novastone Media.

Novastone is a unique technology app which allows clients to connect with their customers across a range of communication platforms including WhatsApp, WeChat and email. This enables users to facilitate sales and customer service conversations with their customers at the most appropriate times. Unfortunately, the Company experienced cash flow problems and its directors reluctantly placed it into Administration having proved unable to raise sufficient investment capital.

Cameron Gunn and Ben Woodthorpe of ReSolve, jointly with Paul Appleton of Begbies Traynor Group, conducted a connected party pre-packaged Administration and within a week sold the business and assets to Message Matrix Limited, saving the jobs of all 15 employees.

Ben Woodthorpe, Partner at ReSolve, said:

“We are pleased to have been able to save the business of Novastone and the jobs of its employees. In a challenging business environment it is particularly rewarding to be able to rescue such an innovative business and we wish the new owners every success in the future.”

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