directors are proposing to put the AIM-listed company into a members’ voluntary
The company wants to pay off its liabilities and return any left-over funds
to its shareholders.
Thornton’s Samantha Jane Keen and Ian Carr would be appointed joint
liquidators under the proposal.
The company had failed to show through clinical trials that its treatment for
autistic disorder, NPL-2008, would improve patients’ health. Attempts to
continue its trials, or a sale of the business, fell through.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children