M & A Pharmachem Limited (01296451): administration
- Status
- Administration ended
- Administration began
- 2022-01-27
- Administrators
- David Robert Acland, Anthony Collier
- Administrators' firm
- FRP Advisory
- Incorporated
- 1977-02-01
- Location
- Manchester
- Industry
- 21100 Manufacture of basic pharmaceutical products
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was a UK manufacturer and distributor of a range of over-the-counter drugs and prescription painkillers. Incorporated on 1 February 1977, the Company had a broad list of long-standing clients including leading High Street retailers, Community Pharmacies and distributers in the UK and internationally. The Company had 96 employees based at its trade premises in Westhoughton, near Bolton.
The UK headquarters had manufacturing capabilities and a laboratory facility able to undertake gas and liquid chromatography and UV and visible spectrophotometry. The Company had a controlled drugs licence permitting the possession, supply and production of schedule 2 to schedule 5 drugs, namely Paracetamol and Codeine and variants thereof.
M&A‘s manufacturing licence was suspended in November 2019 following an MHRA inspection in October 2019 due to the previous senior management team’s approach to quality contro! and cleanliness. Further, the business was being run inefficiently since it was manufacturing a wide range of products which involves frequent downtime of machinery to switch production.
Administrators' statement of proposals (2022-02-18) · Companies House register