Global Online Health Ltd (09515627): administration
- Status
- Administration ended
- Administration began
- 2021-01-20
- Administrators
- Ian Mark Defty
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-03-28
- Location
- London
- Industry
- 86900 Other human health activities
From the administrators' statement
The business was established on 28 March 2015 and traded from Floor 33, Euston Tower, 286 Euston Road, London, NW1 3DP. The principle activity of the Company was to provide a mobile application service which consumers could use to book video consultations with UK based medical General Practitioners, and obtain the relevant prescriptions and referrals as needed.
The Company entered into a video consultation development agreement with Lloyds on 23 October 2019 (“the Lloyds Contract”). The name of the mobile application is ‘My Pulse’. The mobile application was to be developed by the Company and trialled as part of a public launch to determine its success. If successful, an extended public launch was to be rolled out. As part of the agreement with Lloyds, the Company granted exclusivity to Lloyds for the retail pharmacy sector in the UK. As a result, the value of the Company’s business is inherently tied to the continuation of the Lloyds Contract. The Lloyds Contract was the Company’s main source of income.
As the Company was a start-up, it was reliant on investments to meet its working capital requirements and fund its development whilst building and launching the core product, being the mobile application, until it was able to generate enough revenue to be financially self-sufficient.
Administrators' statement of proposals (2021-03-24) · Companies House register