# Global Biotec Limited (05518793)

> Why UK company 05518793 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05518793

- **Status:** Administration ended
- **Administration began:** 2011-07-20
- **Administrators:** Craig Povey, Richard Howard Toone
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2005-07-26
- **Location:** London
- **Industry:** 7487

## From the administrators' statement

The Company was incorporated on 26 July 2005 and carried out research and development of biometric products

The Company secured funding from Lloyds TSB Bank PLC (“Lloyds”) under the small firms loan guarantee fund Lloyds has a debenture, incorporating fixed and floating charges, which remains unsatisfied at the date of administration

The Company also received extensive investment from the directors and shareholders but had been unable to develop the technology behind the product sufficiently to allow the product to be marketed for sale As a result, the Company had never progressed from a prerevenue stage and had made a loss every year since incorporation

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05518793/filing-history/MzA0MzkzNTI3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05518793

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.