Gendius Limited (08525197): administration
- Status
- Administration ended
- Administration began
- 2023-12-22
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2013-05-13
- Location
- Sale
- Industry
- 86900 Other human health activities
From the administrators' statement
3.1 A lack of working capital led to the directors seeking professional advice on the Company’s position. The Company’s directors were referred to KBL Advisory Limited by Ernst & Young LLP in early December 2023 for advice on the options available to
3.2 The options were discussed with the Board and, given the Company’s partially developed products, a pre-pack administration was considered to be the preferred course of action and accordingly, the Board engaged KBL Advisory Limited on 6 December 2023 to assist with marketing the business for sale and deal with the formalities of placing the Company into Liquidation
3.3 With staff wages due for payment prior to the Christmas break, the time available for marketing the business and assets for sale was limited. The business and assets were marketed for a period of 12 days, between 8 December 2023 and 19 December 2023. No offers to acquire the business and assets were received. On 21 December 2023, the directors resolved to place the Company into Administration.
Administrators' statement of proposals (2024-02-20) · Companies House register