# Immersive Education Limited (03638696)

> Why UK company 03638696 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03638696

- **Status:** Administration ended
- **Administration began:** 2012-10-03
- **Administrators:** Robert David Hewitt, Lynn Gibson
- **Administrators' firm:** Ccoo Creditlink Creditlink Account Recovery Solutions
- **Incorporated:** 1998-09-25
- **Location:** West Byfleet
- **Industry:** 9305

## From the administrators' statement

The Company developed a range of educational computer games which were sold to both educational departments and individuals, (10% / 90% split) At present there are four active titles

As a result of the falloff in funding to many educational authorities, the Company's turnover has reduced by approximately 50% from the historical levels Whilst the management accounts continued to show a net profit, the cash inflows were insufficient to maintain the required repayments of bank indebtedness

The Company was unable or unwilling to restructure its banking and without access to further funding the directors decided to place the Company into Administration

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03638696/filing-history/MzA2Nzc5ODM2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03638696

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