ME Cronin Ltd (06241147): administration and why it failed

ME Cronin Ltd (06241147): administration

Status: In administration
Administration began: 2023-08-14
Administrators: Steven Phillip Ross, Allan David Kelly
Administrators' firm: FRP Advisory
Incorporated: 2007-05-09
Location: Newcastle upon Tyne
Industry: 47730 Dispensing chemist in specialised stores

Why it went into administration

Parent or group failure
Creditor pressure / legal action
COVID-19
Rising costs / inflation
Funding withdrawn / unable to refinance
Regulatory change or action

From the administrators' statement

Date of incorporation: 9 May 2007

Nature of trading: Pharmacy

Trading address: 9-10 High Newham Court, Hardwick Estate, TS19 8PD

Administrators' statement of proposals (2023-10-11) · Companies House register

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ME Cronin Ltd (06241147): administration

Why it went into administration

From the administrators' statement

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ME Cronin Ltd (06241147)