AIM-listed Versarien used to be positioned into management on 6th January 2026.
Joint directors Andrew Knowles and Andrew Poxon from Leonard Curtis are in talks with possible patrons of belongings.
Versarien used to be based in 2010 as a sophisticated engineering fabrics workforce to milk the possibility of graphene. It indexed at the Choice Funding Marketplace of the London Inventory Alternate in 2013.
Versarien is the corporate in the back of the proprietary graphene admixture, Cementene. In 2023 Banagher Precast Concrete demonstrated that 20% of unusual Portland cement (OPC) can also be got rid of from its conventional precast concrete combine by means of the use of Cementene.
Remaining yr Versarien signed an settlement with Balfour Beatty to broaden new fabrics and urban mixes in combination. Versarien may be a member of the Nationwide Highways Roads Analysis Alliance and the Virtual Roads of the Long run undertaking. It labored with Skanska Costain Strabag Joint Undertaking (SCS JV) to trial graphene reinforcement in Three-D published concrete parts in a section of building for HS2. [See previous report here.]
Alternatively, Versarien by no means in fact controlled to make a benefit, shedding thousands and thousands yearly, frequently with losses outstripping turnover. Newest accounts display a pre-tax lack of £4.3m on earnings of £2.4m. The former yr it generated £5.4m earnings however made a pr-tax lack of £14.3m.
Sooner or later the board sought out of doors funding as a part of a turnaround technique that might lead the trade to profitability. When it become transparent that the third-party funding used to be having a look not likely, the board appointed Leonard Curtis in an advisory capability in Might 2025.
Following a assessment of trade finance and funding choices, the board concluded in July 2025 that the corporate had to start an speeded up mergers & acquisition procedure. This procedure began in August 2025.
In spite of some expressions of hobby being gained, the going worry proposals weren’t applicable to the board and due to this fact, given the money constraints of the trade, they determined to enter management.
Joint administrator Andrew Knowles mentioned: “We’re disenchanted {that a} solvent sale of the trade didn’t happen, regardless of attaining out to each {industry} and non-industry particular events. Alternatively, we’re recently in negotiations with a number of events who want to achieve the trade and belongings from the directors.”
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