Two weeks after virtualisation specialist Icoda Consulting was voluntarily wound up, its two founding directors have arrived at managed services provider Cobweb Solutions.
Documents filed with Companies House reveal a resolution to wind up the company, signed by Icoda chairman Stuart Brown, was passed earlier this month. A Statement of Company's Affairs filed by liquidator Jeffrey Brenner reveals Icoda had £32,372 of cash, unpaid debt and assets available to unsecured creditors at the time of the winding-up. The total amount owed was almost £180,000, leaving a deficiency of more than £145,000.
After being founded in 1999, Icoda had grown to an almost £1m company in the 2008 fiscal year. But sales for the 12 months to 31 March 2009 dropped 18.5 per cent to £754,000. Despite this, pre-tax profit for the year was up 15.5 per cent to more than £150,000.
Brown has now been appointed to lead Cobweb's enterprise business consulting division, which forms part of a new unit focusing on high-end customers. Ed Dixon, co-founder of Icoda, joins Cobweb as director of enterprise cloud services.
The services firm has further shuffled its management deck with by reappointing company co-founder Julian Dyer to the role of chief technical officer. Dyer previously held to role from 2001 to 2005 and replaces Dan Germain with immediate effect.
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