Picsolve International Limited (02888552): administration
- Status
- Administration ended
- Administration began
- 2020-05-04
- Administrators
- Richard Michael Hawes, Matthew James Cowlishaw
- Administrators' firm
- Deloitte
- Formerly
- RX Technology Europe Limited
- Incorporated
- 1994-01-18
- Location
- Birmingham
- Industry
- 74209 Photographic activities not elsewhere classified
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company, which. was incorporated in 1994, was an international supplier of digital photography solutions to theme parks and other tourist attractions worldwide. — This involved design, construction and operation of digital imagery systerns. The Company operated from a
head office in Derby and had operations throughout the.
‘UK and around the world. Following the COVID-19 . pandemic, all theme parks and attractions were closed, -reducing the Company’ s revenue to zero in the short term.
Administrators' statement of proposals (2020-07-07) · Companies House register