Iceotope Limited (05587049): administration
- Status
- Administration ended
- Administration began
- 2011-10-19
- Administrators
- Robert Martin Rutherford, Jonathan Ronald Booth
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2005-10-10
- Location
- Liverpool
- Industry
- 3002
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The business was incorporated on 10 October 2005 to deal with the continuation of the design and development of liquid-cooled solutions to computer servers. The Company rented two offices situated in the Innovation Centre, 217 Portobello, Sheffield, S1 4DP.
It was considered that the best market place for this technology was centred in America and consequently, the Shareholders, with assistance of the various charge holders, endeavoured to “flip” the registration of the Company to America In the final outcome this did not take place as the Company ran into cash flow difficulties
and various disputes between interested parties The company employed between 6 and 8 staff. 3.2 Lead up to Appointment of Administrators In order to protect the position and with the Company unable to obtain additional finance to cover on-going wages and overheads generally, Rising Stars Growth Fund
Administrators' statement of proposals (2011-12-06) · Companies House register