MYA Cosmetic Surgery Limited (06054101): administration
- Status
- Administration ended
- Administration began
- 2020-01-09
- Administrators
- Rob Sadler
- Administrators' firm
- Begbies Traynor
- Formerly
- Cobco 820 Limited
- Incorporated
- 2007-01-16
- Location
- Bradford
- Industry
- 86101 Hospital activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
The Company was incorporated in 2007 to develop a business using the trading style of “MYA Cosmetic Surgery” and providing private healthcare in the form of aesthetic / cosmetic surgery consultation and treatment services to private individuals. Initially the Company worked with third party hospital providers. In 2014 the Company acquired a long-term lease on a hospital in Fitzrovia in London, which served as a clinic as well as the principal southern in-house operating location.
With effect from 1 July 2018, the Directors decided to create a group structure in order to provide a better platform for growth and to allow new services to be introduced, including a hospital services division. As part of the group restructure, MYA Cosmetic Surgery Limited was acquired by MYA Group by means of a share-for-share exchange and its trade and assets were transferred to MYA Clinics Ltd (“MYA Clinics”) at book value.
The directors have advised that all creditors were given the opportunity to novate their contracts with the Company to MYA Clinics Ltd, however, a small number failed to do so.
Administrators' statement of proposals (2022-04-08) · Companies House register