# Logic3 PLC (01321309)

> Why UK company 01321309 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01321309

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01321309/filing-history/MzA4Nzk3MDcwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01321309

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.