# Picsolve International Limited (02888552)

> Why UK company 02888552 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02888552

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02888552/filing-history/MzI3MjMxNzU0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02888552

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