Clear Surgical Ltd. (SC441280): administration
- Status
- Administration ended
- Administration began
- 2023-02-08
- Administrators
- Kenneth Wilson Pattullo, Kenneth Robert Craig
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-01-28
- Location
- 3 Semple Street
- Industry
- 32500 Manufacture of medical and dental instruments and supplies
Why it went into administration
- COVID-19
- Regulatory change or action
- Sustained trading losses
- Loss of key people
From the administrators' statement
The company was set up to capitalise on Scottish medical inventions of practising medics over 10 years ago. It was supported in this by Scottish Health innovations Limited (‘SHIL’) and Scottish Enterprise (‘SE’).
One part of the company was split off under the then managing director, and Clear Surgical was left with 2 devices broadly based on ‘scissor’ technology - the lights attaching to a scissor based retractor and the CRF being originally in the form of a scissor based clamp. It soon became clear that the lights would be better sold as independent of any particular retractor, using a sticky pad to enable them to be attached to any flat surface retractor. This was achieved by the company during 2019.
The company's turnover for the year ending 30 June 2019 was around £45,000. Despite, the company being loss making, it succeeded in 2019 to raise investment through an angel syndicate, Kelvin Capital Limited, supported by SE and SHIL, to develop trading.
Administrators' statement of proposals (2023-04-04) · Companies House register