Purple ICT Limited (SC242056): administration and why it failed

Purple ICT Limited (SC242056): administration

Status: Administration ended
Administration began: 2018-10-30
Administrators: Paul Dounis, Lindsey J Cooper
Administrators' firm: RSM
Formerly: Alchemist Technologies Ltd.
Incorporated: 2003-01-09
Location: Edinburgh
Industry: 62020 Information technology consultancy activities

Why it went into administration

Parent or group failure
Creditor pressure / legal action
Competition / price pressure

From the administrators' statement

Relevant extracts from the company’s audited financial statements and management accounts are summarised below.

FY16 FY17 9M FY18

Actual Actual Actual

Administrators' statement of proposals (2018-12-27) · Companies House register

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Purple ICT Limited (SC242056): administration

Why it went into administration

From the administrators' statement

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Purple ICT Limited (SC242056)