Pneumolabs (UK) Limited (03329773): administration
- Status
- Administration ended
- Administration began
- 2018-06-29
- Administrators
- Stephen Gerard Clancy, Sarah Helen Bell
- Administrators' firm
- Kroll
- Formerly
- Electpace Limited
- Incorporated
- 1997-03-07
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
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 its financial history ts included at Appendix 1.
The principal trading activity the Company offered to Its clients was pre-contract research based around respiratory diseases. The Company works mainly with small to medium sized biotech companies as well as with academic groups
Creditors should note that detatled background information was provided in the SIP16 Report, which 1s enclosed at Appendix 10.
Administrators' statement of proposals (2018-07-26) · Companies House register