Gerald Simonds Healthcare Limited (02195369): administration
- Status
- Administration ended
- Administration began
- 2020-07-06
- Administrators' firm
- RSM
- Formerly
- Globemade Limited
- Incorporated
- 1987-11-18
- Location
- Guildford
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The business started trading in 1983 and was incorporated on 18 November 1987. Its main activities consisted of assembly, repairing and selling wheelchairs and other mobility aids for individuals with limited mobility.
The Company was sold ‘during 2019 to the current owners, with the original owner and founder sadly passing away.a year later.
Prior to the COVID-19 pandemic the Company had experienced a period of difficult trading. The Company's finances further deteriorated as a consequence of the pandemic and the current directors, with the assistance of RSM, explored the possibitity of selling the business on either a breakup or going concern basis. Although there were interested parties, no offers were made to purchase the business on a going concern basis, whilst only a single offer was received to purchase certain assets on a breakup basis.
Administrators' statement of proposals (2020-09-18) · Companies House register