Business

Crowdfunded Rebus in administration

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Claims management company Rebus has gone into administration, marking one of the biggest failures of a crowdfunded company in the UK.

Rebus raised more than £800,000 last year on Crowdcube.

Investors in the company, which reports suggest number more than 100, could now lose their money.

Rebus specialised in pursuing claims against companies that mis-sold complex investments, which were later deemed to be tax-avoidance schemes.

According to the company's website, it was managing 1,700 claims with a value of more than £930m.

It employs 29 full-time members of staff.

This is the second high-profile failure of a crowdfunded company in the past few months, after Zano, the mini-drone project that raised £2.3m on Kickstarter, was shut down in November last year.

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