Case Studies/Research/ZETTA GENOMICS LIMITED
In administration

ZETTA GENOMICS LIMITED

Zetta Genomics Limited, a research company based in Norwich, entered administration under Schedule B1 of the Insolvency Act 1986 on 19 February 2026. Joint administrators from FRP Advisory Trading, including Hayley Watson, were appointed by the directors or a floating-charge holder. This transition occurred despite the company maintaining a compliant filing record, including full accounts submitted on 16 July 2025.

Key facts
Company no.11475418
SectorResearch
Incorporated20 Jul 2018
Reg. officeNorwich NR7
Appointed24 Feb 2026
Office holderHayley Watson, FRP Advisory Trading
The timeline · incorporation → liquidation
20 Jul 2018
Incorporated
Registered as 11475418. Research.
13 Jul 2020
Charge registered
A registered charge granted to Silicon Valley Bank.
20 Jul 2020
First accounts filed
accounts-with-accounts-type-total-exemption-full
7 Dec 2021
Board changes begin
First of the director resignations before failure.
2 Aug 2023
Charge registered
A registered charge granted to Hsbc Innovation Banking Formerly Known as Silicon Valley Bank UK LTD.
26 Jul 2024
Charge registered
A registered charge granted to Hsbc Innovation Banking.
16 Jul 2025
Latest accounts filed
accounts-with-accounts-type-total-exemption-full
24 Feb 2026
Administrators appointed
In administration.
24 Feb 2026
Gazette notice published
Notice 5062132 in The Gazette.
13 Apr 2026
Administrator's proposals
Administrators' statement of proposals to creditors.
13 Apr 2026
Statement of affairs
Administrators' statement of the company's affairs.
19 May 2026
Result of creditors' meeting
Outcome of the meeting of creditors.

What the data was telling us

Readings from The Gazette and Companies House, in the firm's final two years.

Insolvency statusAdministration
StatusIn administration
Gazette refNotice 5062132
EditionThe Gazette
Appointed byDirectors or a floating-charge holder
UnderInsolvency Act 1986, Sch. B1
Financial positionAs at 2026-02-19
Deficiency to creditors£1,404,617
Estimated assets£109,225
Secured creditors£24,529
Unsecured creditors£1,454,924
Filing trajectoryLate filing
Incorporated20 Jul 2018
Last accounts16 Jul 2025
Confirmation stmtFiled
Account typeFull
Director stabilityBoard churn
Appointments9 since 2018
Resignations0 in final 12 mths
Active directors4
Avg tenure3.1 yrs
Charges & secured creditorsFloating charge
Charges3 registered
InstrumentA registered charge
HolderHsbc Innovation Banking
Registered26 Jul 2024
Statusfully-satisfied
Practitioner appointedPractitioner
PractitionerHayley Watson
FirmFRP Advisory Trading
RoleAdministrator
IP numberIP 23450
Appointed19 Feb 2026
View profile →
Practitioner appointedPractitioner
PractitionerRichard Bloomfield
FirmFRP Advisory Trading
RoleAdministrator
IP numberIP 28390
Appointed19 Feb 2026
View profile →

Lessons behind the liquidation

01
Satisfied charges do not eliminate cash flow pressures

The company registered three charges on 26 July 2024 with HSBC Innovation Banking, which are recorded as fully satisfied. While clearing secured liabilities improves the balance sheet position, the subsequent administration on 19 February 2026 shows that a clean debt registry does not necessarily protect a company from cash flow pressures.

02
Director stability is distinct from operational solvency

The company maintained four active directors at the time of insolvency, with nine appointments since 2018 and an average tenure of 3.1 years. Crucially, there were zero resignations in the final 12 months, indicating a stable leadership team leading up to the administration. This demonstrates that a cohesive board and low leadership turnover cannot always insulate a business from broader financial headwinds in the research sector.

03
Up to date compliance filings can mask sudden distress

Zetta Genomics Limited filed full accounts on 16 July 2025 and maintained an active confirmation statement. The transition to administration on 19 February 2026, following the accounts filed on 16 July 2025, illustrates how quickly financial health can deteriorate. Public filings remain a lagging indicator of a firm's real time cash position.

Pattern context

This case resembles a broader pattern of research enterprises that maintain high standards of regulatory compliance and debt resolution but ultimately face sudden liquidity exhaustion before achieving self sustaining commercial scale.

Indicative basis · modelled across LIQUI's corpus, indicative, not predictive
The full forensic report

Every charge, every filing, every appointment, in one dossier.

Director histories across related entities, the full debenture instrument, creditor estimates, and the practitioner's record on comparable cases for ZETTA GENOMICS LIMITED.