Environmental Recycling Technologies PLC (03443456): administration
- Status
- Administration ended
- Administration began
- 2016-07-13
- Administrators
- Simon Harris, Mark Supperstone, Ben David Woodthorpe
- Administrators' firm
- ReSolve
- Formerly
- 3DM Worldwide PLC.; Camco Corporation PLC
- Incorporated
- 1997-09-26
- Location
- London
- Industry
- 77400 Leasing of intellectual property and similar products, except copyright works
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company operates predominately in the United Kingdom and was incorporated and registered on 26 September 1997 in England and Wales, Company number 03443456
The Company's principal income was derived from the licensing of the Powder Impression Moulding (‘PIM’) system to manufacturers within a given territory whereby the manufacturer/licensee would sell defined products using the PIM process and Eco-dec ® trademark brand Moreover, the Company would receive ongoing royalties from sale of products utilising the PIM system
The PIM system is currently icensed to five licensees and patent protected in 30 countnes in various continents, including North Amernca, South America, Asia, Europe and Australa The Company, in connection with tts commercial partners, would offer Itcensees a complete solution package ranging from material analysis, prototyping, mould design and bespoke production equipment supply
Administrators' statement of proposals (2016-09-14) · Companies House register