Yaqub Pharmacy Limited (05368614): administration
- Status
- Administration ended
- Administration began
- 2013-04-11
- Administrators
- Christopher James Latos, Susan Agnes Maund
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2005-02-17
- Location
- Brighton
- Industry
- 86900 Other human health activities
Why it went into administration
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company traded as a core hours retail pharmacy with an NHS licence to dispense NHS prescriptions from leasehold premises situtated at 240 Earls Court Road, London SW5 9AA
The business was purchased by the Company in 2006 as a going concern with a term loan from HSBC Bank and a wholesaler gaurantee from AAH Pharmaceuticals Limited (‘AAH’)
The Company suffered from a lack of working capital and whilst the pharmacy was in a prime location the premises required considerable improvement to offer customers a clinical enviroment to compete with the local competition
Administrators' statement of proposals (2013-06-12) · Companies House register