Onacp Limited (05130424): administration
- Status
- Administration ended
- Administration began
- 2013-12-10
- Administrators' firm
- Antony Batty
- Formerly
- Onalytica Limited
- Incorporated
- 2004-05-18
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
Onalytica Limited was founded in 2004 by Flemming Madsen and operated profitably until late 2008 with a headcount consisting of two employees and a part-time temporary finance manage
Onalytica ts, and was, predominately an IT company working in the insight and market research area The company provides Software-as-a-Service (SaaS) IT solutions and professional services to clients in the United Kingdom, wider Europe and the United States, working with PR, Insight and Marketing departments of enterprises, agencies and similar type organisations
In November 2008, Paul Birch and Michael Birch invested £6,000,000, of which £5,000,000 went into the company and £1,000,000 went to the founder The investment was made through Onalytica Holdings Limited, incorporated in Jersey (UK tax-resident), which held 100% of the share capital of Onalytica Limited The shareholding following the initial investment was Flemming (70%), Paul (15%} and Michael (15%)
Administrators' statement of proposals (2014-01-23) · Companies House register