From the administrators' statement

3.1.As detailed above, due to the COVID-19 pandemic the clinic shut its doors on 21% March 2020. During this time, after consultations with family, accountants and legal advice, it became apparent that despite the overdraft arranged via Santander and the increase in loans invested by the Director, the Company was no longer able to pay its debts as and when they fell due.

3.2.Prior to the Joint Administrator's appointment, a review of ethical issues was undertaken and no ethical threats were identified. A further review has been carried out and no threats have been identified in respect of the management of the insolvency appointment to date.

3.3. Quantuma Advisory Limited were instructed via engagement letter on 11 June 2020 to assist in placing the Company into Administration.

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The Forge Clinic Limited (07634481)

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