From the administrators' statement

The Company was incorporated on 7 March 2013 and began providing IT consultancy services to education projects shortly thereafter.

The Company operated from leasehold premises at 93a East Street, Chichester, PO19 1HA. The Company traded successfully for the first few years and obtained a number of clients and projects.

However, due to the nature of the projects, managing the Company’s cashflow was a significant challenge and the Director sort investment fo assist with the cashflow difficulties. Transputec reached an initial agreement with the Company to provide the level of funding that it required in order to grow. Subsequently, this led to the Company taking on larger projects with the expectation that the investment would enable the Company to complete them.

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North Pallant Ltd (08434826)

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