# Psymplicity Ltd (07618606)

> Why UK company 07618606 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07618606

- **Status:** Administration ended
- **Administration began:** 2023-11-10
- **Administrators:** Simon Matthew Gwinnutt, Nicholas Andrew Stratten
- **Administrators' firm:** Greenfield Recovery
- **Formerly:** Elixir IQ Ltd
- **Incorporated:** 2011-05-03
- **Location:** Birmingham
- **Industry:** 86220 Specialists medical practice activities

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency

## From the administrators' statement

Psymoplicity Ltd operates as a mental health services provider via a propriety internet platform. The business connects patients to mental health professionals for online and in-person consultations. The Company trades both remotely and from office premises located at Churchill House, 137 - 139 Brent Street, London, NW4 4DJ and employs approximately 49 employees. There are currently some £40,000 rental arrears at the office premises.

The Company suffered serious financial / cashflow problems. The director made a decision to seek advice from Greenfield Recovery Ltd and options available.

Initial introduction

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07618606/filing-history/MzQwNDg3NzM3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07618606

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