Fortuna FIX Limited (09771992): administration
- Status
- Administration ended
- Administration began
- 2020-01-22
- Administrators
- David Philip Soden, Ian Colin Wormleighton
- Administrators' firm
- Deloitte
- Formerly
- Ophiuchus Limited
- Incorporated
- 2015-09-10
- Location
- Birmingham
- Industry
- 74990 Non-trading company
From the administrators' statement
The Company (and its subsidiaries) are pre revenue (i.e. still at the research and develop phase with no commercial products), and thus reliant solely on funds raised from shareholders (the “Capital Providing Shareholders”) to pursue ongoing research and fund overhead costs.
In or around Q1 2019 certain of the shareholder group expressed concerns over the day to day operations and management of the Group (“the Dispute”).
In November 2019, Salamander Invest AS (cne of the Capita! Providing Shareholders) filed a derivative action on behalf of the Company against a number of parties alleged to have been involved in the day to day operations of the Group (the “Derivative Action”). This created significant uncertainty for the Board and the Company.
Administrators' statement of proposals (2020-03-27) · Companies House register