# Eyeconomy Limited (02694331)

> Why UK company 02694331 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02694331

- **Status:** Administration ended
- **Administration began:** 2012-12-14
- **Administrators:** Gareth Wyn Roberts, Robert Christopher Keyes
- **Administrators' firm:** KRE Corporate Recovery
- **Formerly:** New Media Communications Limited
- **Incorporated:** 1992-03-05
- **Location:** Reading
- **Industry:** 73110 Advertising agencies

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

Eyeconomy Limited “Eyeconomy” was incorporated in 1992 and Is a wholly owned subsidiary of Media Corporation PLC “Media Corp”

The company was widely acknowledged as a market leader in the field of on line advertising As well as providing this service to a number of key publishers, (on a exclusivity basis) and other blue chip chents, Eyeconomy had its own publishing platforms

The company traded from central London and employed 10 members of staff

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02694331/filing-history/MzA3MjE5OTc1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02694331

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