CIP Assets Limited (03970696): administration
- Status
- Administration ended
- Administration began
- 2012-02-27
- Formerly
- Cambridge Innovation Limited
- Incorporated
- 2000-04-12
- Location
- Norwich
- Industry
- 5118
Why it went into administration
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated in Apnl 2000. The Company operated from premises at Office 19, North Colchester Business Centre, 340 The Crescent, Colchester, Essex, CO4 9AD, and acted as a sales agent specialising in the dental industry
tn early 2010 the Company gained a major contract with Camliog, a Swiss company who produced and sold specialist dental implants intemationally The Company became the sole UK distnbuter of Camlog products and the business focussed around the sale of these goods
However, during trading in 2010 and 2011 the director faced a number of problems that impacted on the viability of the business. The director found that the dental industry as a whole was reluctant to change surgical procedures, and deviate from the use of certain products in order to try new products such as the ones the Company was marketing for
Administrators' statement of proposals (2012-03-06) · Companies House register