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Frontline Healthcare Ltd (08848189): administration

Status
Administration ended
Administration began
2022-08-19
Administrators
Clive Morris
Administrators' firm
Begbies Traynor
Incorporated
2014-01-16
Location
Heskin
Industry
47730 Dispensing chemist in specialised stores

Why it went into administration

From the administrators' statement

3.1 As detailed above, the Company was impacted by the cost of products and importing goods due to the Covid-19 pandemic, which resulted in the Company being unable to make a profit.

3.2 Sales did improve after the pandemic, although, the Company was struggling with receiving stock into the UK due to the high demand in overseas ports which continued to hamper sales. The Company’s pre pandemic sales target was £40,500 per day, this dropped to as little as £13,000 per day post pandemic.

3.3 To try and cut costs, the Company reduced the number of staff and moved to a smaller premises. The Company also took out a loan with Amazon to keep the Company trading whilst trying to boost sales. Unfortunately, this was unsuccessful.

Administrators' statement of proposals (2022-10-17) · Companies House register

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Frontline Healthcare Ltd (08848189)

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