Brendan Rice, the chief executive and co-founder of Senoptica, has described a move by the company’s loan-note holders to put the food technology business into examinership as a “cynical attempt” to “wrest control and ownership of the company from its current board of directors and founder shareholders”. Last Tuesday, loan-note holders to Senoptica, a group of experienced investors using a vehicle called Boole Nominees Ltd, appointed accountant Declan De Lacy of Fides as interim examiner to the company because they believed it was “hopelessly insolvent” and preparing to restructure its debts using the Small Company Administrative Rescue Process (Scarp). Rice…

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