Atlantic Healthcare PLC (05878612): administration
- Status
- Administration ended
- Administration began
- 2022-11-01
- Administrators
- Patrick Alexander Lannagan, Conrad Alexander Pearson
- Administrators' firm
- Mazars
- Formerly
- Atlantic Healthcare Limited
- Incorporated
- 2006-07-17
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Regulatory change or action
- Brexit
From the administrators' statement
Atlantic Healthcare Plc was founded in July 2006 as a specialist pharmaceutical company, focused on developing therapeutics that address unmet patient needs. AHP’s current focus is on the gastrointestinal (GI) tract and targets the treatment of GI diseases, which have a debilitating effect on the lives of millions of people. Below is a timeline of events from the incorporation of AHP leading to the Company’s failure and subsequent Administration:
• Oct 2006 - £125k raised at £1 per share pre-consolidation
• Nov 2006 - £307k raised at £1.60 per share pre-consolidation
Administrators' statement of proposals (2022-11-28) · Companies House register