Advanced Oncotherapy PLC (05564418): administration
- Status
- Administration ended
- Administration began
- 2024-05-30
- Administrators
- Ian James Corfield, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Carecapital Group PLC; Coppersilver Public Limited Company
- Incorporated
- 2005-09-15
- Location
- London
- Industry
- 86900 Other human health activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Regulatory change or action
From the administrators' statement
AVO was incorporated on 15 September 2005 for the purpose of developing and researching medical technologies in relation to the treatment of cancer. The Company’s core focus was on proton therapy within the radiation therapy market.
The Company designed, developed and assembled a proton therapy system called LIGHT to be used for treating radio-sensitive tumours.
Proton therapy is an advanced form of cancer therapy using radiation as a way to kill cancer cells. It is therefore ideally suited for treating hard to treat tumours located at close proximity to vital health organs.
Administrators' statement of proposals (2024-07-26) · Companies House register