Menasat Gulf Group PLC (07431306): administration
- Status
- Administration ended
- Administration began
- 2019-06-28
- Administrators
- Paul Andrew Flint, Carl James Bowles
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Menasat Gulf Group Ltd; Nano-Effect Ltd
- Incorporated
- 2010-11-05
- Location
- Brighton
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated in 2010 and was registered as Nano-Effect Ltd.
The Company was listed on the open market of the Frankfurt Stock Exchange (“FSE") and had a market cap of circa $8m.
At the end of 2012 the FSE changed its listing requirements, which in essence meant that the Company was too small to remain as a listed entity.
Administrators' statement of proposals (2019-09-04) · Companies House register