Applied Superconductor Limited (05284055): administration
- Status
- Administration ended
- Administration began
- 2013-12-20
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2004-11-11
- Location
- Milton Keynes
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 11 November 2004 in the United Kingdom and traded from premises in Blyth, Northumberland
ASL 1s a global leader in developing commercial Fault Current Limiters (“FCL”) that offer both technically and commercially viable solutions to network operators and electricity generators to reduce the nsk of damage to their networks resulting from fault currents.
In July 2012 ASL acquired 100% ownership of Zenergy Power Ltd (subsequently renamed Applied Superconductor Ltd) which owned a number of patents relating to inductive FCL technology
Administrators' statement of proposals (2014-02-07) · Companies House register