# MED24 Limited (11652936)

> Why UK company 11652936 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11652936

- **Status:** Administration ended
- **Administration began:** 2022-04-20
- **Administrators:** Christopher Robert Pole, William James Wright
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2018-10-31
- **Location:** London
- **Industry:** 86210 General medical practice activities

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- Regulatory change or action

## From the administrators' statement

Med24 opened its Paddington site in May 2021 and, due to opening during the third national Covid-19 lockdown in the UK, the Company experienced a lower patient uptake in the lead up to opening than management had forecast.

Due to these lower patient numbers, the Directors sought to diversify Med24’s services by offering a full range of private Covid-19 testing. In January 2022, the Government

announced the relaxation of Covid-19 testing requirements, which significantly decreased the Company’s main revenue stream at the time.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11652936/filing-history/MzMzODI1MTI4M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11652936

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.