Mmic Solutions Limited (SC287736): administration
- Status
- Administration ended
- Administration began
- 2011-05-26
- Administrators
- Paul David Wood, Gilbert John Lemon
- Administrators' firm
- Evelyn Partners
- Formerly
- Anglesey Solutions Limited
- Incorporated
- 2005-07-21
- Location
- Glasgow
- Industry
- 7310
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
MMIC Solutions Limited (“MMIC”) is a Scottish registered company incorporated in July 2001. The company operates in the field of Research and Development on Natural Sciences and Engineering.
Due to the nature of the company, since incorporation, substantial investment funds have been received and fully utilised to the extent that the company has been able to reach production point.
In April 2011 the company was in negotiations with its major customer in order to put in place a trade agreement which would ensure an agreed monthly unit number of purchases from MMIC. This agreement was critical in order to ensure another round of investment funding. At that time the directors were confident that agreement could be reached.
Administrators' statement of proposals (2011-07-12) · Companies House register