THGL Realisations Limited (11932035): administration
- Status
- Administration ended
- Administration began
- 2022-10-07
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Transform Hospital Group Limited
- Incorporated
- 2019-04-08
- Location
- Manchester
- Industry
- 86101 Hospital activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 April 2019 as a provider of cosmetic and weight loss surgery. It operated from two hospitals and 11 clinics across England, Scotland and Wales to the private sector.
The sole director of the Company is Anthony Veverka who resigned from his position on 22 April 2022 and re-joined following a change of ownership on 15 August 2022. The Company is 100% owned by Y1 Capital, which in turn is owned by Sayani Sainudeen and Yesmin Shahida, via equal shareholdings.
The Company used independently contracted surgeons and anaesthetists, while employing a further 359 employees including nurses, clinical and head office staff, all of which were deployed across hospitals and clinics.
Administrators' statement of proposals (2022-10-26) · Companies House register