Tim has run out for UK streaming platform Bloom.fm to find a buyer. Assets of the London-based startup, which boasted more than a million registered users, will now be sold off by administrator Moorfields Corporate Recovery.

In a statement, Bloom.fm CEO and founder Oleg Fomenko said: "After Bloom.fm was placed in administration we received incredible amount of support from our users and a lot of commercial interest from prospective buyers.

"One offer stood out in particular, as it would have ...