Universal Pharmacy Ltd (07534072): administration
- Status
- Administration ended
- Administration began
- 2025-08-04
- Administrators
- Christopher James Latos, Thomas Richard Milbourne D'Arcy
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-02-17
- Location
- Brighton
- Industry
- 47730 Dispensing chemist in specialised stores
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
We were contacted by Castiebridge to consider consenting to be appointed as Joint Administrators of the Company in May 2025. We were made aware that the Company held a NHS Distance Selling Pharmacy (‘DSP’) contract and the majority of prescriptions were dispensed to care home patients over a large area of the East of England. The Company had substantial secured and unsecured debts and was reliant on Castlebridge for working capital to fund ongoing trading. Castlebridge were seeking to withdraw support to limit its loss. We were cautious as our experience is that DSP contracts have limited vaiue due to the high costs of servicing the care home sector and resulting low margins.
-3We have not acted for the Company or its Director. At the request of Castlebridge we met with the Director, Nadeem Sarwar (‘Mr Sarwar) at the Company’s premises in Swaffham on Thursday 19 June 2025 to seek information concerning the assets, liabilities and operational position of the Company. Limited information was provided but it was clear that the business had effectively ceased to trade and a consultation period had been initiated with employees.
As the Company could not obtain the full range of medicines required to maintain patients’ prescription requirements on a timely basis the Director sought to sign post care home prescriptions to alternative suppliers. It is our understanding that many of the care homes were taken on by Remedi Healthcare Limited based in Runcorn. Mr Sarwar is also a director of Remedi Healthcare Limited.
Administrators' statement of proposals (2025-09-16) · Companies House register