Toximet Limited (05535606): administration
- Status
- Administration ended
- Administration began
- 2015-11-13
- Incorporated
- 2005-08-12
- Location
- Fareham
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Supply chain disruption
- Sustained trading losses
From the administrators' statement
In 2003, after a 30 year career in food safety working all over the world, Ray Coker, the company’s founder, recognised that there was a clear need for an affordable, user-friendly and robust procedure enabling non-scientists to measure accurately food toxins, especially mycotoxins, throughout the global food supply chain
Toximet Limited was born as a University of Greenwich spin-out in August 2005 with £200k of grant funds to enable the development of the ToxiMet system After initially working as a ‘one man band’ supported by a number of Non-Executive Directors, Professor Coker was joined by three development chemists in mid-2009
The directors of the company changed throughout its existence wih Professor Coker resigning in April 2015 The two directors at the date of administration were Dr lan Sanders (CEO) and Mr David Palmer (Chairman)
Administrators' statement of proposals (2016-01-13) · Companies House register