Chrysalis Health Ltd (10302338): administration
- Status
- Administration ended
- Administration began
- 2024-05-31
- Administrators
- David Mcginness, Judith Howson
- Administrators' firm
- Aab Business & Tax Advisory
- Incorporated
- 2016-07-29
- Location
- Leeds
- Industry
- 63110 Data processing, hosting and related activities
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") from the Books and records of the Company and not from our personal knowledge as Joint Administrators.
The Company was incorporated on 29 July 2016 by Kimberley Faine Page to address the gap in the healthcare/wellbeing sector at the time to provide a one stop shop online for therapists and practitioners to link with their patients. Due to the nature of the business the early years were raising finance to develop the required technology.
The Company's plan was to continue to expand the app through services such as booking, video call appointments, reminder service, payments and patient notes repository and this required funding to be able to attract for customers and generate revenue to the subscription-based model.
Administrators' statement of proposals (2024-07-23) · Companies House register