HR Pharm Limited (06299601): administration
- Status
- Administration ended
- Administration began
- 2022-08-22
- Administrators
- Mark Christopher Ford, Henry Anthony Shinners
- Administrators' firm
- S&W Partners
- Incorporated
- 2007-07-02
- Location
- London
- Industry
- 47730 Dispensing chemist in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 2 July 2007. The four current Directors, who are also equal shareholders, are Sanjeev Patel (SP"), Himesh Patel (“HP”), Rajiv Patel ("RP") and Jayesh Patel("JP").
The Company's business comprises of three dispensing chemists in the Pharmacies and an online dispensing chemist for the terminally ill and patients requiring palliative care. The Pharmacies, which are regulated by the GPhC., also offer vaccination services and provide prescriptions and ancillary services to eight care homes.
The revenue is primarily generated from an NHS CPC agreement which is estimated to account for c.58% of the Company's current annual turnover of cE6m-£7m. The balance of the revenue is derived from over-the-counter goods and non-prescription drugs. The Company has traded profitably. year on year, in recent years with the Directors/Shareholders being paid dividends as a result of successful trading.
Administrators' statement of proposals (2022-10-20) · Companies House register