Arrogen Group Limited (07590555): administration
- Status
- Administration ended
- Administration began
- 2017-03-24
- Formerly
- Arro Supranano Ltd; Arro Forensics Ltd; Fingerprinting Analytics Limited
- Incorporated
- 2011-04-04
- Location
- Cheltenham
- Industry
- 72110 Research and experimental development on biotechnology
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
Arrogen Group Ltd (“the Company”) was incorporated on 4 April 2011. Its purpose was to act as a holding company for strategic investments in the forensic science sector. The Company directors were Joseph Arend on incorporation. Mr Arend resigned as a director on 14 September 2015, but was re-appointed together with Dr Frederick Rowell on 13 July 2016, following the resignation of the existing board.
This Company acquired ail of the share capital of Mantove Forensics Limited, which changed its name to Arrogen Forensics Ltd (“AFL") It also acquired a US based business Genome ID. Both companies were active in developing forensic science technologies for tne law enforcement market.
The business plan was to develop these technologies for commercial applications, increase revenues and seek institutional investment to develop this further and eventually conduct an AIM IPO as an exit route for existing shareholders.
Administrators' statement of proposals (2017-06-03) · Companies House register