# Atlantic Healthcare PLC (05878612)

> Why UK company 05878612 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05878612

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05878612/filing-history/MzM1OTExMjI1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05878612

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