Veragon Holdings Limited (09974679): administration
- Status
- Administration ended
- Administration began
- 2019-01-16
- Administrators
- Phillip Francis Duffy, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2016-01-28
- Location
- Manchester
- Industry
- 36000 Water collection, treatment and supply
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
in 2009 the Director founded VRSL to develop and manufacture the Product. a transportable water condenser and purification unit. which would extract anc mineralise drinkable water from humidity in the air for use in harsh/arid climates
The Product was based upon existing technology and constructed from generic components produced by non-specialist third party contractors and suppliers to enable fast and easy scale-up of production
Whilst VRSL did not own or make use of any proprietary technology the reduced costs of construction meant that the Product was capable of delivering purified mineralised water ai a lower cost per litre than traditional sources of bottled water In addition, and due to its low energy consumption. the Product was designed to be compatibie with renewable energy sources including solar and wind power.
Administrators' statement of proposals (2019-03-18) · Companies House register