Apta Biosciences Limited (08489619): administration
- Status
- Administration ended
- Administration began
- 2020-06-18
- Administrators
- Samuel Jonathan Talby, Julie Ann Swan
- Administrators' firm
- FRP Advisory
- Incorporated
- 2013-04-15
- Location
- Uxbridge
- Industry
- 72110 Research and experimental development on biotechnology
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
On 20 May 2020, the ‘company received a Notice of Enforcement of thé judgment from The EU’s UK solicitors.
On 22 May 2002, an initial meeting took place with the Directors and Samuel Talby of PCR (Bristo!) LLP to determine the status of the Company and its solvency. Having reviewed the financial position it was clear that the Company was under extreme creditor pressure and steps should be taken to protect the business’s assets.
PCR were subsequently instructed by the Directors on 29 May 2020 to assist with filing of Notice of Intention to Appoint Administrators (“NOI”). This was filed on 3 June 2020 and served — on the Qualifying Floating Charge Holders ( Ranworth Capital Limited ‘Ranworth’ and Moulton
Administrators' statement of proposals (2020-10-08) · Companies House register