# Yaqub Pharmacy Limited (05368614)

> Why UK company 05368614 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05368614

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05368614/filing-history/MzA3OTY3NzYzOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05368614

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