Imagini Holdings Limited (05730835): administration
- Status
- Administration ended
- Administration began
- 2015-03-16
- Administrators' firm
- Cork Gully
- Incorporated
- 2006-03-06
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated as a holding company in 2006 for the Imagini group of companies, comprising of the main trading entity, Imagini Europe Limited (“IEL”), and its subsidiaries in the USA and Europe The majority shareholder ts a company registered in Cyprus called Trellas Enterpnses Limited ("TEL")
The directors of the Company are Alex Willcock and Maxim Nogotkov Mr Nogotkov is a Russian National, and, we understand, a director of TEL and, until recently, was also TEL’s majority shareholder
The Company's main assets of value were its shares in IEL and the intellectual property rights (the "IPRs") that are utilised in the business conducted by IEL The Company licensed the IPRs to JEL for this purpose
Administrators' statement of proposals (2015-04-07) · Companies House register