UK gambling firm Black Cow Technology goes into liquidation
Summarised from 2 outlets · Updated 16 Oct, 13:02 · Archive
Oxford-based online gambling company Black Cow Technology Limited has gone into liquidation after redundancies and failed funding.
Black Cow Technology Limited, an online gambling firm based at Oxford Science Park, has gone into liquidation with liquidators appointed on 30 September. The company reported debts of £381,100.
The collapse follows a wave of redundancies after the company failed to raise funds, owing to delays in releasing its flagship game Raging Rhino. The firm's private equity backer, JJK, declined to provide additional financial support earlier this year. In August, the company was reportedly considering a major restructure.
Max Francis, the founder and CEO, had announced last year that the company would shift from software development to game development. He told European Gaming in 2025 that the firm believed 'multiplayer is the future of online gambling entertainment'. The largest creditor listed in the administrator's report is JJK Partners, owed £128,900. Significant sums were also reportedly owed to HM Revenue and Customs, Aviva Pension, and Francis himself. According to Companies House documents, 17 employees were listed in the unsecured creditors section, totalling £359,150.
How it is being reported
- UK gambling firm in £380K liquidation after 'wave of redundancies'A gambling firm based in Oxford Science Park has gone into liquidation with a reported "wave of redundancies" having occurred.Oxford Mail · 16 Oct, 12:30
- UK gambling firm in £380K liquidation after 'wave of redundancies'A gambling firm based in Oxford Science Park has gone into liquidation with a reported "wave of redundancies" having occurred.Oxfordshire Guardian · 16 Oct, 12:30
In this story: Black Cow Technology Limited · Oxford Science Park · Max Francis · JJK
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