Expertise Global Restructuring & Turnaround

Bidstack Limited

SECTOR

Advertising Technology

BUSINESS DESCRIPTION

AIM listed holding company for the Bidstack Group, which operates in the advertising technology and gaming markets, focusing on dynamic advertising placements.

DATE

March 2024​

SITUATION

  • Due to ongoing losses and issues in accessing further funding the Group suffered from increasing liquidity constraints, unable to support ongoing operations.​

A&M ROLE AND OUTCOME

  • A&M was engaged in February 2024 to commence an accelerated sales process.
  • We marketed the Group to trade parties, financial investors and turnaround specialists as part of the process in an expedited timeframe.
  • A sale of the business and assets was completed to Virtual Sport Technology Ltd shortly following the appointment of individuals from A&M as joint administrators. 
  • As a result of the transaction all employees maintained their employment, customer contracts were preserved and the majority of group creditors were taken on by the purchaser.​
Thought Leadership
The Bankable Football Club: Underwriting Saudi Football’s Next Phase
September 29, 2026
Explore how Saudi football clubs can transition from shareholder funding to sustainable third-party capital, and the five steps to building a financeable club.
Thought Leadership
The Fed Hikes Rates: Four Takeaways for Middle East Borrowers
September 18, 2026
The Fed raised rates by 25bps on 16 September to 3.75–4.00%, its first increase since 2023, and more are likely. The vote was unanimous, and the median projection points to one more hike this year. In a break from precedent, the Fed is hiking in response to energy-driven inflation it would normally look through, a sign that officials now worry prolonged high energy prices will feed into broader inflation.
Press Releases
ALVAREZ & MARSAL APPOINTS RAJAN PRASANNA AS MANAGING DIRECTOR TO STRENGTHEN TURNAROUND & RESTRUCTURING CAPABILITIES IN INDIA
July 31, 2026
Leading global professional services firm Alvarez & Marsal (A&M) India has announced the appointment of Rajan Prasanna as Managing Director within its Turnaround & Restructuring practice.
Thought Leadership
Harnessing the Three Cs: Cash, Cost, and COGS
July 28, 2026
Growth opportunities across the Middle East remain strong, but so does the need for financial discipline. Higher interest rates, inflation, and tighter liquidity are increasing pressure on capital allocation and operational performance.
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