Westco Medical Holdings Limited (08018252): administration
- Status
- Administration ended
- Administration began
- 2014-04-03
- Administrators
- Matthew Dunham, Andrew Stephen Mcgill
- Administrators' firm
- Evelyn Partners
- Incorporated
- 2012-04-03
- Location
- Manchester
- Industry
- 32500 Manufacture of medical and dental instruments and supplies
From the administrators' statement
The Company was incorporated tn April 2012 tn order to provide investment to Medical to develop a patent for a nasogastric placement device and exploit an existing gap in the market for this product The Company was funded by shareholder investment
The Company had an offer of further investment, but due to the issues identified in Medical with the first manufactured devices, the launch was delayed by 3-6 months and the further investment was subsequently withdrawn
In March 2014, The Board of Directors sought professional advice from S&W The Board ultimately concluded that the Company was insolvent on the basis it was unable to meet 5.
Administrators' statement of proposals (2014-06-03) · Companies House register