Metis Healthcare Limited (03807762): administration
- Status
- Administration ended
- Administration began
- 2011-06-02
- Administrators
- James Richard Tickell, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Formerly
- Metis (UK) Limited
- Incorporated
- 1999-07-15
- Location
- Fareham
- Industry
- 7487
Why it went into administration
- Sustained trading losses
From the administrators' statement
The company was incorporated in July 1999, originally named Metis (UK) Limited, and carried on a physiotherapist operation from two sites in Covent Garden and Croydon At the date of appointment, ten people were employed The company provided a number of services and treatments including massage therapy, nutritional consultation and orthopaedic consultations Further details can be seen from the company’s website at www metis-uk com
The ‘Metis’ brand was a concept created by Mr Ronnie Truss at the time of incorporation, after he had himself sustained a sporting injury and consequently felt there would be a demand for a nationwide chain of physiotherapists Together with a professional physiotherapist, David West, he set up the company and began operating from freehold premises in Croydon purchased by the company
Trading was initially encouraging and in 2003 the company opened its second operation in leasehold premises in the rear of the Theatre Royal, Drury Lane, Covent Garden following a £1m redevelopment The company’s trade had hitherto comprised approximately 60% insurance referrals and it was hoped that this new location would increase the number of private clients, in particular from actors and performers in the West End However, whilst the operation at Croydon continued to hold its own, tt eventually became clear that Covent Garden was not as profitable as expected
Administrators' statement of proposals (2011-08-02) · Companies House register