Latest BoomStreet News
Dec 13, 2015
The Judge: Boom and bust as daily deals site collapses losing its customers thousands 06:00, 13 Dec 2015 RESTAURANTS and customers lose out as the company closes suddenly leaving subscribers out of pocket and out of patience. Shares Get daily news by email Invalid e-mail Subscribe Thanks for subscribing!Could not subscribe, try again later Fraser Gunn's restaurant honoured the meals people had bought but he never saw the cash from BoomStreet. A DAILY deals website has closed, leaving customers thousands of pounds out of pocket. nCrowd, who had recently rebranded as Boomstreet.co.uk, offered everything from meals-for-two offers to gym membership at discount prices. But the firm disappeared without warning, leaving furious subscribers to pick up the pieces. Fraser Gunn is £2500 out of pocket after his restaurant honoured hundreds of £18 meals-for-two vouchers but did not receive the cash. He said: “We’ve lost thousands over this. We’re being told the company have gone into liquidation. I do not believe we will see any of the money due to us – and neither will customers who have been left disappointed. It’s appalling.” Fraser, who runs the Golden Pheasant in Auchinloch, Lanarkshire , signed up with nCrowd in July. BoomStreet disappeared without warning. He said: “We offered a deal for a three- course meal for two with a glass of wine each for £18. For each voucher redeemed, nCrowd took a cut and we were supposed to be paid £16.20.” But alarm bells started to ring when nCrowd rebranded as Boomstreet in mid- November then couldn’t be contacted. Fraser said: “We hadn’t received any payments for four months but we put this down to the company changing hands. Boomstreet continued to sell our deal, which we were redeeming online as usual. The payments should have followed every month.” When Fraser went on to the website last month, he found the company had closed. He said: “There was a note to say they were going into liquidation. Vouchers could not be redeemed.” Fraser added: “Small businesses rely on deals like this to attract new customers. We will not be the only ones affected.” Iris Potter lost her money after using the voucher website Carer Iris Potter had been a customer of nCrowd since 2013, spending hundreds a year. She is now £20 down and cannot access her account. Iris, 51, of Port Glasgow, said: “My account still shows the credit but there is no way to spend it. I’ve tried so many times to get a reply from them but have heard nothing. Please help.” London recovery firm AABRS held a meeting of creditors last week, as the directors took steps to place NCrowd Ltd into voluntary liquidation. In a letter to creditors, they said: “It is uncertain whether there will be funds to pay a dividend.” Customers who paid by credit card should contact their bank direct for a refund.