Red Flags
1
Horizon Blockchain Group Limited
The company suffered from unstable leadership, no financial activity, and a lack of direction, leading to its voluntary shutdown after just 16 months, damaging trust in its management.
Quick summary on Horizon Blockchain Group Limited
Unstable Leadership
Leadership changed within days of incorporation, showing poor planning and lack of stability.
Pavel Brych was removed as a key decision-maker shortly after the company started.
No Financial Activity
The company filed dormant accounts, meaning it didn’t carry out any business or trading.
This shows a lack of operations or progress during its existence.
Lack of Direction
The company seemed to have no clear goals or plans, which led to no real actions or results.
Short Lifespan
The company lasted only 16 months, from February 2021 to June 2022, before shutting down.
Voluntary Shutdown
The company had to dissolve itself because it wasn’t able to sustain or serve any purpose.
Loss of Trust
The company’s failure reflects badly on its founders and management, raising doubts about their competence.
by: Ivy Torres
No leadership, no transactions, no business—was this just an expensive hobby?
by: Theo King
Starting a company with no plan is like setting sail without a compass. Horizon Blockchain sank fast.
by: Jaxon Russell
Starting a company with no plan is like setting sail without a compass. Horizon Blockchain sank fast.