Versarien PLC enters administration after sale process falters

AIM-listed advanced materials group Versarien PLC has entered administration, with Andrew Knowles and Andrew Poxon of Leonard Curtis appointed as joint administrators on 6 January 2026, following the collapse of efforts to secure new investment or a solvent sale.

Incorporated in 2013, Versarien operates as an IP-led engineering business focused on advanced materials, including graphene, and holds a portfolio of more than 100 patents covering manufacturing processes and applications, alongside shareholdings in UK and Spanish subsidiaries.

The company had been loss-making for several years and was actively pursuing third-party investment as part of a turnaround strategy aimed at restoring profitability, before appointing Leonard Curtis in an advisory capacity in May 2025 when funding prospects began to diminish.

Following a review of alternative financing options, the board concluded in July 2025 that an accelerated mergers and acquisitions process was required, launching a formal sale process in August, but although expressions of interest were received, the proposals did not meet the board’s requirements and cash constraints ultimately forced the appointment of administrators.

While a solvent transaction could not be achieved, the administrators are now in discussions with multiple interested parties regarding a potential acquisition of the business and assets, signalling that an orderly sale process remains a key focus of the administration.