Agripa Solutions Limited (SC345011): administration
- Status
- Administration ended
- Administration began
- 2016-04-22
- Administrators' firm
- BDO
- Formerly
- MM&S (5405) Limited
- Incorporated
- 2008-06-27
- Location
- Glasgow
- Industry
- 63990 Other information service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 27 June 2008. The Company operated from the registered office at 60, Fifty Pitches Place, Cardonald Business Park, Cardonald, Glasgow, G51 4GA and sold and installed fleet media advertising. It placed flexible interchangeable advertising on articulated lorries and public transport for large blue chip companies and local authorities.
The Company is part of a wider group of Agripa companies, comprising Pitt Family Holdings Limited (“PFHL”), the Company, Agripa Nu-Vision Limited (Nu-Vision), Agripa Limited and Agripa Flex Limited (together the “Group”). The two key trading entities are the Company and Nu-Vision, both of which were placed in administration on 22 April 2016.
The Company’s patented product, the “Frame”, allowed its customers to easily change their advertising campaigns at little cost once the Frame had been installed onto customers’ fleet vehicles. The Frame would remain on the vehicles whilst panels, using Nu-Vision’s patented product, “Mesh”, would be replaced and interchanged with new advertising campaigns that were printed at the Company’s site.
Administrators' statement of proposals (2016-06-16) · Companies House register