Medipharmacy Limited (05070317): administration
- Status
- Administration ended
- Administration began
- 2024-01-18
- Administrators
- Anthony John Wright, Ian James Corfield
- Administrators' firm
- FRP Advisory
- Incorporated
- 2004-03-11
- Location
- London
- Industry
- 47730 Dispensing chemist in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Medipharmacy, a family owned and operated business, was incorporated in 2004 and began trading shortly thereafter. The Company operated a chain of 25 NHS community pharmacies across London, Kent, Surrey and West Sussex. Over the last decade, it had diversified into pharmaceutical wholesaling.
The Company was headquartered in East Grinstead, however the wholesaling division of the business was historically managed from India.
Medipharmacy employed approx. 150 employees and 50 self-employed contractors (drivers and qualified pharmacists), all based in the UK.
Administrators' statement of proposals (2024-01-30) · Companies House register