Flutteroo.com/.co.uk , a UK based penny auction site, has now just shut down. The message on their site tells us that the Directors of Bargain Retailing have ceased trading and in turn shut down the penny auction’s operations. Updates will be posted on their site, but at the moment customer accounts have been “frozen” and no refunds will be given or shipments fulfilled.
According to an April 2011 press release, Flutteroo had gained 350,000 customers and raised over $1,614,000 in funding:
“We can hardly believe that we have burst through the third of a million customer mark and more. It seem like only yesterday we have a quarter of a million on now with over 350,000 customers we have the half a million mark in our sites. Our global expansion plans have really come together and the whole Flutteroo team are thrilled with the progress we have made”. Dave
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