Hextransforma Healthcare Limited (11105434): administration
- Status
- In administration
- Administration began
- 2023-04-13
- Administrators
- Richard Howard Toone, Craig Povey
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-12-11
- Location
- Birmingham
- Industry
- 26400 Manufacture of consumer electronics
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Hextransforma Healthcare Limited was incorporated on 11 December 2017. The Company designs, develops and exploits several software and hardware solutions for use in the healthcare sector. It operated from premises in London and formerly employed 30 people including engineers, data scientist, technology experts and project managers. The Company is a Crown Commercial Service provider so that its products are available to public sector purchasers and it is able to tender for government contacts.
The Company first developed products under the brand Brit-Med which provide quick access for healthcare workers to the medical data they require inside and away from hospitals and clinics. These products promote efficiencies and save time and costs in the delivery of healthcare.
-3Another of the Company’s products is marketed under the trade name Hex Remote Monitoring which is a registered trademark. As the name suggests, this allows clinicians to monitor patients’ health status remotely over long periods. The products allow data to be collected from censors worn by the patients and transmit the data directly to the clinician. The data is stored to build up the patient's electronic health records.
Administrators' statement of proposals (2023-06-14) · Companies House register