Logic3 PLC (01321309): administration
- Status
- Administration ended
- Administration began
- 2013-09-11
- Administrators' firm
- Kroll
- Formerly
- Spectravideo PLC
- Incorporated
- 1977-07-13
- Location
- London
- Industry
- 46510 Wholesale of computers, computer peripheral equipment and software
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of tts financial history is included at Appendix 1
The Company specialised tn the sourcing and distribution of audio, mobile and gaming consumer electronic accessones and had historically targeted the mid-to-lower end of the market by Providing good quality products as an alternative to higher pnced branded products
In 2010 the Company looked to diversify into the premium audio segment of the market and agreed a distnbution license with Ferrari in later 2010
Administrators' statement of proposals (2013-10-31) · Companies House register