David Stearne Limited (03601136): administration
- Status
- Administration ended
- Administration began
- 2012-03-14
- Formerly
- David Stearne Pharmacy Limited
- Incorporated
- 1998-07-21
- Location
- Manchester
- Industry
- 5231
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
David Stearne and his family had previously built up a chain of pharmacy businesses, which were subsequently incorporated as David Stearne Limited from April 2001 Following the acquisition of further pharmacies, a Head Office was acquired in Frodsham, and a small
administrative team was engaged
In 2009 the Head Office was moved to larger premises at 7 Jensen Court, Runcorn, which acted as a central dispensing hub, and also accommodated the Company's wholesale business The additional space at Jensen Court allowed the Company to invest in an
Administrators' statement of proposals (2012-05-11) · Companies House register