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Posted on March 24, 2014 by  &  with 1 Comment

Peratech Limited enter administration

Peratech Limited has entered administration. The company was established in 1996 to exploit QTC™ (quantum tunnelling composite) materials and now has worldwide patents for QTC™ Materials. Peratech has licensed the technology to a number of blue chip companies who are seeking to incorporate QTC™ into medical, industrial, sport, automotive, learning and mobile device applications. The business operates from leasehold premises in Richmond, North Yorkshire.
The directors of the Company resolved to appoint administrators on 16 January 2014. Subsequently, Daniel Francis Butters and Adrian Peter Berry were appointed Joint Administrators by YFM Venture Finance Limited pursuant to its qualifying floating charge on 22 January 2014.
It is the Joint Administrators' intention to trade the business whilst simultaneously seeking a buyer.
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