{"id":533753,"date":"2025-12-01T12:17:09","date_gmt":"2025-12-01T12:17:09","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=533753"},"modified":"2025-12-01T12:17:09","modified_gmt":"2025-12-01T12:17:09","slug":"hs2-involved-materials-firm-files-administration-notice","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/supply-chain\/hs2-involved-materials-firm-files-administration-notice-01-12-2025\/","title":{"rendered":"HS2-involved materials firm files administration notice"},"content":{"rendered":"<p>A materials manufacturer specialising in graphene that supplied services to the likes of HS2 and Balfour Beatty has filed a notice of intention to appoint administrators.<\/p>\n<p>Versarien plc\u2019s board \u201cregrettably resolved\u201d to serve the notice to appoint administrators from Leonard Curtis, Versarien said on Monday (1 December).<\/p>\n<p>It followed attempts to sell off its remaining assets, which Versarien said would continue over the next 10 days.<\/p>\n<p>The firm specialises in manufacturing graphene-based products for the construction sector and had more than 30 product patents in the UK, according to its website.<\/p>\n<p>In 2021, it provided 3D printing services to HS2 and last year signed an agreement with Balfour Beatty to develop low-carbon, graphene-infused, 3D-printable mortars for civil construction.<\/p>\n<p>Versarien has now registered its intention to appoint administrators, after a potential buyer withdrew its interest in acquiring the firm last week, it said.<\/p>\n<p>Versarien said there \u201ccontinues to be interest shown in acquiring\u201d its assets.<\/p>\n<p>\u201cThe board is conscious that, as previously advised, it is reliant upon the support of its creditors to continue its operations,\u201d Versarien said.<\/p>\n<p>\u201cAlthough creditors continue to be supportive, the board has regrettably\u00a0resolved to serve a notice of intention to appoint Leonard Curtis as administrators.\u201d<\/p>\n<p>Its directors said the notice of intention would protect the firm from any creditor enforcement action for 10 days, as it searches for a buyer.<\/p>\n<p>\u201cIf a transaction is not concluded within this timeframe, the administration will proceed,\u201d it added.<\/p>\n<p>Versarien\u2019s shares were suspended at 7am on Monday, and its three non-executive directors \u2013 Sir Iain Gray, Diane Savory and Susan Bowen \u2013 all resigned after the notice was filed.<\/p>\n<p>In April, Versarien <a href=\"https:\/\/www.constructionnews.co.uk\/supply-chain\/ai-startups-backed-to-boost-construction-productivity-24-04-2025\/\">joined forces with architects Foster + Partners, engineers Buro Happold<\/a> and 10 AI startups to tackle inefficiencies in construction using AI.<\/p>\n<p>At the time, Versarien chief executive Stephen Hodge said the project would help \u201cunlock meaningful efficiencies in 3D construction printing\u201d through better integration of material performance and digital fabrication data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A materials manufacturer specialising in graphene that supplied services to the likes of HS2 and Balfour Beatty has filed a notice of intention to appoint administrators. Versarien plc\u2019s board \u201cregrettably resolved\u201d to serve the notice to appoint administrators from Leonard Curtis, Versarien said on Monday (1 December). It followed attempts to sell off its remaining &#8230;<\/p>\n","protected":false},"author":90643,"featured_media":486819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[554,527,39314,57171],"tags":[],"class_list":["post-533753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-administrations","category-balfour-beatty","category-hs2","category-supply-chain","issue-online-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HS2-involved materials firm files administration notice | Construction News<\/title>\n<meta name=\"description\" content=\"A materials manufacturer specialising in graphene that supplied services to the likes of HS2 and Balfour Beatty has filed a notice of intention to appoint\" \/>\n<meta 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