# Rutland Lodge Pharmacy Limited (07206867)

> Why UK company 07206867 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07206867

- **Status:** Administration ended
- **Administration began:** 2012-12-21
- **Incorporated:** 2010-03-29
- **Location:** Manchester
- **Industry:** 47730 Dispensing chemist in specialised stores

## Why it went into administration

- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
- Parent or group failure

## From the administrators' statement

2.1 The Companies operated as pharmacies in Leeds and Bradford Each pharmacy operated as a separate legal entity but banked as one group

22 At the beginning of 2012, the Group was suffering cash flow problems and began having difficulties making payments to suppliers on time. This impacted on the Group’s ability to source supplies and therefore fulfil customer prescriptions and related contracts

23 Asa result, in April 2012 Zolfo Cooper LLP (ZC) was engaged to undertake a short-term cashflow review, a review of the Group’s creditor position and to ascertain whether the Group had any immedhate funding requirement This indicated that the Group would exceed its overdraft facility

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07206867/filing-history/MzA3MTI4OTAxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07206867

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