The Mubito parent company in Malmo, Sweden, was placed into administration late last month. In accordance with Swedish law, all Swedish employees have been made redundant but continue to work for administrator Hans Svedberg, while he seeks a potential buyer for the company.

The company has subsidiaries, in London, Kiev, Denmark and Sweden, and offices in Malmo, Kiev and London. To date there have been no redundancies in London, according to Svedberg.

Svedberg says that he has already received several ...