Phase Vision Ltd. (04562814): administration
- Status
- Administration ended
- Administration began
- 2013-03-21
- Administrators' firm
- BDO
- Incorporated
- 2002-10-15
- Location
- Birmingham
- Industry
- 26701 Manufacture of optical precision instruments
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 15 October 2002 by Dr Russell Coggrave and Professor Jon Huntley. The Company traded as a manufacturer of precision 3D measurement instruments and developer of supporting software, from leasehold premises at Charnwood building, Holywell Park, Loughborough, Leicestershire, LE11 3AQ, the landlord of these premises being Loughborough University, who are also an investor anda creditor.
Mr Ralph Alexander Weir joined in March 2008 as CEO +The Company has secured several financial investments into the business, the last being received at the beginning of 2012. The Company has never traded profitably, with trading income and financial investments going towards developing and selling its technology.
The Company’s main product, the Phase Vision Quartz 800 Optical 3D Quartz scanner (“scanners”), was launched in June 2010. Scanners were available to purchase outright, In addition to Phase Vision Gem Studio software, accessories, installation, and training and maintenance support services provided by the Company’s Sales & Engineering team. In addition, the Company had completed some related consultancy work.
Administrators' statement of proposals (2013-05-25) · Companies House register