Cambridge Visual Networks Limited (06200773): administration
- Status
- Administration ended
- Administration began
- 2012-01-31
- Administrators' firm
- Cork Gully
- Incorporated
- 2007-04-03
- Location
- London
- Industry
- 7222
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was established in 2006 by Dr Quentin Stafford-Fraser and Dr Michael Dales with the aim of showing live and compelling content on displays remotely, dispensing with the need of complicated inhouse media networks
it was initially funded through a contnbution to equity and loans from the directors in the sum of £15,000
The business model was based on constructing a digital signage medium whereby hardware units would be sold to chents which connect the clients’ visual display screens to the web based software product known as CODA Customers would pay monthly or annua! subscriptions for the use of the CODA management software, hosted within the digital cloud, in order to manage the visuals on their own network of screens at any one time
Administrators' statement of proposals (2012-04-05) · Companies House register