CoLab
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：01 · 05
01 / WHAT IT BUILT
Material for this section is being gathered and checked. It will appear here once ready.
02 / CoLab FAILURE REASONS
Failure factors supported by the current evidence
SmartCompany (6 Apr 2023) quotes co-CEO Josh Abulafia that withdrawal of extra funding commitments led to administration: a new financing round fell through, then truncated timelines on an intended sale path pushed ChefPrep/CoLab into voluntary administration.
Abulafia said CoLab was closing a new financing round that fell through and that extra funding commitments were withdrawn.
He said the company entered voluntary administration after acquisition interest but timelines became truncated.
03 / EVENT HISTORY
Events in the structured record
- Asset restructuring
SmartCompany, citing ASIC documents, reports Morgan Kelly and David Kennedy of EY were appointed joint administrators of CoLab on 27 Mar 2023, seeking recapitalisation or a sale of business and assets.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.