# Minorplanet Systems PLC (03372097)

> Why UK company 03372097 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03372097

- **Status:** Administration ended
- **Administration began:** 2011-11-09
- **Administrators' firm:** BDO
- **Formerly:** Pixiedeal PLC
- **Incorporated:** 1997-05-16
- **Location:** Leeds
- **Industry:** 7415

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

PLC was incorporated on 16 May 1997 and was listed on the Alternative Investment Market (“AIM”) 1n November 2005. Between 2001 and 2008, PLC invested in subsidiaries across Europe and Australia (“the Group”) all of which operated in the telematics sector. The Group’s structure 1s set out at Appendix 1.

Asummary of the trading results for the financial years 31 August 2005 to 31 August 2009 are set out at Appendix 2.

In the year to August 2008, the Group made a profit of £1.5m ona turnover of £23.4m. However, during the year to 31 August 2009, the Group expenenced a downturn in sales which 1s attnbuted to the changes in the global economic climate. The Group’s accounts for the year to 31 August 2009 show that the Group incurred a loss of £4m on turnover of

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03372097/filing-history/MzA1ODQwMzYwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03372097

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