# O'Flinn Limited (06082938)

> Why UK company 06082938 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06082938

- **Status:** In administration
- **Administration began:** 2025-08-06
- **Administrators:** Christopher James Latos, Thomas Richard Milbourne D'Arcy
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2007-02-05
- **Location:** Brighton
- **Industry:** 47730 Dispensing chemist in specialised stores

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

The Company is wholly owned by the parent company Junerace. HTB provided a term loan to Junerace to purchase the shares of the Company in July 2020 and obtained a cross guarantee and security against the Company. At this time the Company owned and operated one NHS retail pharmacy trading as O’Flinn pharmacy. During 2023 the Company also purchased a Lloyds Pharmacy trading as Lloyds Rottingdean pharmacy. The Director has explained that this pharmacy did not have a lease in place, and the Company could not trade from this site. The Director has stated that the Rottingdean pharmacy was purchased for

-3£300,000 and this loss of investment was suffered by the Company. We only have limited information and further review of this transaction will be necessary.

Junerace also wholly owns a sister company LPSD One Hundred and Twenty-Three Limited (‘LPSD’) which trades as Billingshurst pharmacy. This was the purchase of another Lloyds pharmacy. It appears that although LPSD is a separate Company income and expenses for both companies were paid into and out of the Company's bank account. We do not know why the Director did not set up a separate bank account for LPSD.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06082938/filing-history/MzQ4MDgyNTk2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06082938

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