Tvonics Solutions Limited (06380612): administration
- Status
- Administration ended
- Administration began
- 2012-06-12
- Administrators' firm
- Bell Advisory
- Incorporated
- 2007-09-25
- Location
- Springfields
- Industry
- 3210
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 25 September 2007 and tn March 2008 it acquired the trade assets of a company named TVonics Ltd - In Administration, from its administrator for a consideration of £250,000 The Company traded from rented premises owned by Sony UK located at Pencoed Technology Centre, Pencoed, Bridgend, CF35 5HZ and employed nine staff
The Company specialised in the development and production of vartous high definition recording devices within the consumer electronics broadcast sector The Company has engaged with a number of organisations such as the Royal National Institute of Blind People (‘RNIB’), to provide digital, high definition recording devices to be used by the blind The Company also provides high definition products, through an intermediary, to the BBC in relation to the digital switchover
Key to the business was the Company’s relationship with Sony UK (‘Sony’) The Company’s products were manufactured solely by Sony, utilising software developed by the Company Sony built and packaged ail products which were then sold by the Company into the market place.
Administrators' statement of proposals (2012-07-19) · Companies House register