# Menasat Gulf Group PLC (07431306)

> Why UK company 07431306 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07431306

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07431306/filing-history/MzI0MzQ1OTM4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07431306

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