SKS Clinics UK Limited (11031304): administration
- Status
- Administration ended
- Administration began
- 2021-04-08
- Administrators
- David Robert Baxendale, Rachael Wilkinson
- Administrators' firm
- PwC
- Formerly
- SKS Clinic Finchley Road Limited
- Incorporated
- 2017-10-25
- Location
- Leeds
- Industry
- 86220 Specialists medical practice activities
Why it went into administration
- Sustained trading losses
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Skinsmiths was brought to the UK in 2017 by the shareholder who had run and operated a successful skincare business in New Zealand over the last 20 years. Refer to Appendix A for a group structure at the date of our appointment.
The Companies operate skincare and other cosmetic treatment clinics across 10 sites based in London and the surrounding areas. Skinsmiths provide a subscription based business model to their customers offering an agreed number of treatments over a period of time which is paid for on an annual or monthly basis. At the date of our appointment, the Companies employed 52 people in the UK across their portfolio of retail stores.
Administrators' statement of proposals (2021-04-23) · Companies House register