Transform Medical Group (CS) Limited (03228476): administration
- Status
- Administration ended
- Administration began
- 2015-06-30
- Administrators
- Martin Charles Armstrong, James E Patchett
- Administrators' firm
- BDO
- Formerly
- Transform Group (Cosmetic Surgery) Limited
- Incorporated
- 1996-07-23
- Location
- Sutton
- Industry
- 86900 Other human health activities
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Weak consumer demand
- Funding withdrawn / unable to refinance
From the administrators' statement
The business is one of UK's leading cosmetic surgeries with 25 clinics across the UK, two cosmetic surgery hospitals in Manchester and London and access to third party hospitals in Scotland, Northern Ireland and South-East England The business provides breast, facial and body surgeries and also non-surgical procedures
The business has suffered during recent times due to the following factors
• PIP scandal and customer claims Resulting in the loss of confidence in the industry and significant contingent claims against the company,
Administrators' statement of proposals (2015-07-09) · Companies House register