GMP Compliance Limited (08137110): administration
- Status
- Administration ended
- Administration began
- 2018-08-24
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2012-07-10
- Location
- Leeds
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
- Management failings / irregularities
- Regulatory change or action
From the administrators' statement
Incorporated on 10 July 2012, the Company operated from two leasehold premises in Hull. The principal activity of the Company was that of the provision of support and consultancy services to the pharmaceutical, medical device and food supplements industry, with its customer base being mainly situated overseas.
The pharmaceutical industry is regulated by the Medicines and Healthcare Products Regulatory Authority (‘MHRA’), a governing body. We have been advised all pharmaceutical manufacturing companies require a medical distribution licence to trade, audited by MHRA. There are three types of licence, being manufacture, import or wholesale of medicine. The Company's customers are required to hold a licence to allow trade in this industry. A ‘responsible person’ is required on the licence application, being a role which the Company would fulfil. Various health and safety/compliance reports are required for audit purposes, which are mostly outsourced.
The Company employed 27 staff consisting predominantly of permanent consultants including Qualified Persons, Responsible Persons and experienced pharmaceutical professionals to provide support and advice across the customers’ product life-cycle.
Administrators' statement of proposals (2018-09-19) · Companies House register