Intrinsiq Materials Limited (04244598): administration
- Status
- Administration ended
- Administration began
- 2018-11-19
- Formerly
- Qinetiq Nanomaterials Limited; Precis (2059) Limited
- Incorporated
- 2001-07-02
- Location
- Tansley
- Industry
- 20302 Manufacture of printing ink
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The United Kingdom Ministry of Defence rolled several technologies and business segments into a commercial entity called Qinetiq. This included plasma generation nanomaterials technology which formed the backbone of the Company what would eventually become Intrinsig Materials Limited. In all, six Companies (of which Intrinsiq Materials Ltd was one) were formed from Qinetiq as part of a fund called Cody Gate Ventures (CGV).
Coller Capital acquired the controlling share of CGV fund | and hired a London based General Partner (GP), Cody Gate, to manage the fund. Core technology efforts continued in the nanoparticle formation and dispersion. The business direction was in Health and Wellness Applications (food additives) porous silicon delivery.
In 2010, CGV forms fund Il with Coller Capital being its sole investor. Core technology efforts continued in the nanoparticle formation and dispersion. The business direction was in Health and Wellness Applications (food additives) porous silicon delivery. At this time, printed electronica as an application emerged and obtained grant funding.
Administrators' statement of proposals (2019-02-07) · Companies House register