# Ipicsi Limited (07438332)

> Why UK company 07438332 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07438332

- **Status:** Administration ended
- **Administration began:** 2013-10-17
- **Incorporated:** 2010-11-12
- **Location:** Norwich
- **Industry:** 74100 specialised design activities

## From the administrators' statement

The Company was incorporated on 12 November 2010 and has been based at premises in Cambridge trading as a specialist primarily in the design and development of computer chips The Company soon started to win contracts and the statutory accounts for the year ended 5 April 2012 show turnover of circa £425,000 In 2013 there was a major disagreement between the shareholders/directors (Mr Hulse, Mr McCubbin and Mr Pink) of the Company which reduced the available working capital and diverted management from running the business which left the Company in a

difficult position

in an attempt to settle the dispute a compromise was suggested but it was not clear that the Company was solvent and so the Company sought insolvency advice from

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07438332/filing-history/MzA4ODc4ODM2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07438332

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