G&T Phoenix Ltd (10979171): administration
- Status
- In administration
- Administration began
- 2025-05-12
- Administrators
- Christopher James Latos, Thomas Richard Milbourne D'Arcy
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-09-25
- Location
- Brighton
- Industry
- 47730 Dispensing chemist in specialised stores
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
On 10 April 2025 BTG Advisory were instructed by HTB to advise on recovery prospects from the disposal of the Company’s business and assets and cash flow required to enable the Company to continue to trade whilst a disposal of the business and assets was moved to exchange of contracts. This work was completed by 30 April 2025 when the Company acting by its directors’ exchanged contracts with Pyramid 2 Limited (“the
-3Purchaser’) to purchase the two trading retail pharmacy units operated by the Company. Since the 1 May 2025 the business has been operated under management by Pyramid 1 Limited (“the Manager’).
As the Company operates NHS retail pharmacy units, completion is conditional on the Purchaser obtaining Change of Ownership in the Pharmaceutical List under s26 of the NHS Regulations. Approval from the NHS is expected to take many months and a backstop date was incorporated into the sale agreement of 31 December 2025.
Administrators' statement of proposals (2025-07-09) · Companies House register