# David Stearne Limited (03601136)

> Why UK company 03601136 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03601136

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03601136/filing-history/MzA1NzMxNDQ0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03601136

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.