UK Addiction Treatment Group Limited (08234534): administration
- Status
- Administration ended
- Administration began
- 2023-07-13
- Administrators
- Robert Scott Fishman, Robert James Harding
- Administrators' firm
- Teneo
- Formerly
- The Recovery Clinic Limited
- Incorporated
- 2012-10-01
- Location
- Birmingham
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The UKAT Group was founded in 2012 as a referral business and grew through acquisitions to a multi-centre group. It was acquired by Eli Global LLC (since re-branded to Global Growth Holdings Inc) in 2018.
The UKAT Group is a profitable business, generating operating profit of £4.3m in FY22 and £2.1m in the six months to June 2023.
Following the arrest of Eli Global / Global Growth’s owner (and the Group’s ultimate beneficial owner), Greg Lindberg in 2020, the Group faced operational challenges.
Administrators' statement of proposals (2023-09-15) · Companies House register