It's lights out for startup Den Automation

Den Automation, the once-promising UK smart home startup that raised nearly £4.5m via equity crowdfunding and boasted former Amstrad chief Bob Watkins as CEO, has agreed to go into liquidation, Documents show Wilkin Chapman Business Solutions Limited has been appointed as liquidators, with Ian Michael Rose and Karen Tracey Potts the named practitioners. UK law prioritises creditors according to a set order. Liquidators take precedence and shareholders get the leftover scraps. It's therefore extremely unlikely that any of the 1,104 investors who backed the company on Seedrs will see much – or any – of a return on their investment.