Nanosynth Group PLC (09109008): administration
- Status
- In administration
- Administration began
- 2024-06-17
- Administrators
- Hugh Francis Jesseman, Claire Howell
- Administrators' firm
- Antony Batty
- Formerly
- Remote Monitored Systems PLC; Strat Aero PLC; Strat Aero Limited
- Incorporated
- 2014-07-01
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Administrators.
The Company was incorporated on 1 July 2014 as Strat Aero Limited, the name was changed to Remote Monitored Systems Plc and then to Nansosynth Group Plc in Aug 2021. The Company operated as the holding company for a group. The Company has 2 principal subsidiaries Pharm 2 Farm Limited and Virosynth Limited of which the Company owned 100% and 51% shares respectively. Pharm to Farm limited has entered into liquidation on 14 June 2024. In addition to the above, the Company had two further fully owned subsidiaries incorporated in the UK: Nanovate Limited and GB Nano Limited. These are both non-trading entities. |am ina process of closing these companies by submitting the relevant forms to the Companies House. The Company also had a fully owned USA subsidiary, Strat Aero International Inc. | am investigating the current status of this Company.
The principal activity of the “Company” and its subsidiaries was the utilisation of nanoparticle technology with a focus placed in seven sectors whereby it was thought that the patented nanoparticle production benefits could be realised: Food & Drink, Animal research, Medical, Electronic, Coatings, Plants and Cosmetics. The nanotechnology business originated in Nottingham from a partnership with Nottingham Trent University. The Company is a public limited company, incorporated and domiciled in the United Kingdom, with its shares previously trading, but now suspended, on the London Stock Exchange’s AIM.
Administrators' statement of proposals (2024-08-21) · Companies House register