Medic Mentor Ltd (09107893): administration
- Status
- Administration ended
- Administration began
- 2024-02-01
- Administrators
- Thomas William Gardiner, Lee De'Ath
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-06-30
- Location
- Colchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was incorporated on 30 June 2014 by Dr Dhakshana Sivayoganathan (“the Director’) and Dr lain Kennedy (“the former Director’).
The Company began trading in 2014 as providers of support services for students looking for a career in the medical profession, providing a combination of face to face and online courses and material along with its primary services of one-to-one mentoring. The Company’s turnover grew to c£1.6m by 2022 and employed 147 people. The business saw significant growth particularly in the last 3. years, however, it has consistently struggled with profit margins.
Administrators' statement of proposals (2024-04-26) · Companies House register