Chemistree Homecare Limited (06466670): administration
- Status
- Administration ended
- Administration began
- 2015-03-12
- Administrators' firm
- Evelyn Partners
- Formerly
- Intecare Direct Limited
- Incorporated
- 2008-01-08
- Location
- London
- Industry
- 47730 Dispensing chemist in specialised stores
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 8 January 2008 as Intecare Direct Limited and the name was changed to Chemistree Homecare Limited on 11 May 2010
The Company traded as a provider of pharmacy homecare tn relation to HIV patients, for certain NHS trusts and pharmaceuticals supplies to care homes In addition, the Company used to export pharmaceutical goods into Europe In the financial year to 31 December 2013, the Company had a turnover of £43 million.
A large part of the Company’s trade was within the parallel trading market buying pharmaceuticais from one member state and selling them In another at an enhanced margin. However, the pharmaceutical companies took steps to limit the Company's supply, its parallel trading activities were curbed, and a significant proportion of the Company’s business was lost
Administrators' statement of proposals (2015-05-20) · Companies House register