Lumejet Limited (07109066): administration
- Status
- Administration ended
- Administration began
- 2015-08-24
- Administrators
- Tyrone Courtman
- Administrators' firm
- PKF
- Formerly
- Shoo 495 Limited
- Incorporated
- 2009-12-21
- Location
- Castle Donington
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
Lumejet Limited ("Lumejet” or “the Company”) was incorporated on 21 December 2009. It ts 100% owned by Lumejet Holdings Limited ("Holdings") which is owned by some 82 private equity investors, no one alone owning significantly more than 10%.
The Company's principal business is the development and manufacture of printers utilising photonic imaging and printing technology. The Company opersted from leasehold premises in Coventry employing approximately c30 staff.
The idea for the original technology was developed at Warwick University. Digeprint Limited was formed in 2001 to develop the technology, until financial difficulties resulted in it being placed into Administration in 2010. Lumejet bought the Intellectual Property ("IP*} from Digeprint in 2010 for £1 and developed the technology to the point of manufacturing superior printing machines, to the extent that 3 machines have been sold, and a further 5 were manufactured and held in stock.
Administrators' statement of proposals (2015-10-27) · Companies House register