Trellus Health PLC (12743489): administration
- Status
- In administration
- Administration began
- 2026-08-24
- Administrators
- Paul Andrew Zalkin, Thomas Parish
- Administrators' firm
- Quantuma
- Formerly
- Trellus Health Limited
- Incorporated
- 2020-07-15
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Quantuma Advisory Limited were first approached by the Company on 25 March 2025 and subsequently met with management on 4 April 2025. Quantuma Advisory Limited’s Corporate Finance Team, now K3 Deal Advisory, also attended the meeting as the initial approach was on an advisory basis.
Following the Company’s initial contact with Quantuma Advisory Limited in early 2025 regarding cashflow concerns, the Company managed to raise cash of $4.34m from a combination of additional equity investment and sales, to extend the expected cash runway to the end of October 2025. At the same time, the Company also undertook a robust cost-saving exercise to support the cash runway.
The group managed to again raise more capital via the issue of convertible loan notes to Alumni Ventures and Mount Sinai Hospital (a major shareholder) in early 2026.
Administrators' statement of proposals (2026-10-10) · Companies House register