# PIX Admin Limited (07246308)

> Why UK company 07246308 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07246308

- **Status:** Administration ended
- **Administration began:** 2014-04-24
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Pixel By Pixel Limited
- **Incorporated:** 2010-05-07
- **Location:** Crawley
- **Industry:** 62090 Other information technology service activities

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 7 May 2010 by Mr Chris Painter as a web design and development agency The Company traded profitably, building websites for various clients up to mid 2012. Mr Alex Scovell joined the Company as a director and 50% shareholder in September of 2012, bringing with him his separate but compatible emai! marketing business With the additional business, turnover increased dramatically from £50,500 tn the year to May 2012 to £1 26m in the following year.

The Company had 7 employees and traded from leasehold premises located at 9 Liverpool Terrace, Worthing, West Sussex, BNi1 1TA As detailed above, the Company directors and equal shareholders are Chns Painter and Alex Scovell, holding 100 ordinary shares each. Restructuring and insolvency services are provided through BM Advisory (South) Ltd and our partners directors and consultants are licensed in the United Kingdom to act as insolvency practitioners by the Association of Chartered Certified Accountants and The Insolvency Practitioners Association Partners directors, consultants and staff acting as administrators and administrative receivers act as agents of the company over which they are appointed and contract without personal brabulity BM Advisory (South) Ltd 1s a limited company registered in England and Wales (number 7744462) Registered office 82 St John Street, London ECTM 4)N, England

During 2013, the Company experienced severe cashflow difficulties Mr Scovell was subjected to a claim from his former employer for perceived breaches of the restrictive covenants under his employment contract. On 3 December 2012, the Company agreed to an out of court settlement totalling £115,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07246308/filing-history/MzEwMjc3MTM5NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07246308

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.