Staff at Harley Street medical practice
A total of 27 jobs have been saved after the private hospital fell into administration late last year.
Corporate recovery specialists at Quantuma have rescued 27 jobs at a Harley Street medical practice.
Sean Bucknall and Andrew Hosking of the London office of Quantuma were appointed administrators to Medispa Technologies Ltd, which traded as Twenty-Five Harley Street, on 22 December.
The business provides a wide range of private healthcare services, ranging from GP appointments to fast access and specialist consultants.
Quantuma director Sean Bucknall said: “The business was first incorporated in December 2013 and, following a fit-out of the trading premises, started trading in November 2016.
“The founding director had been funding and supporting the business to the tune of nearly £5m to refit the premises, provide medical equipment and working capital for the past 12 months.
“The business is still being established but the founder director is unable to continue to fund the business.”
Following an accelerated marketing campaign, and in conjunction with advice and support from Crispin Jones and a restructuring specialist from Ashfords Solicitors, the administrators managed to secure a sale of the business and assets to close neighbours 9 Harley Street Ltd, part of the Phoenix Hospital Group which, as part of the transaction, has taken on all of the company’s staff.
Bucknall added: “This represents a fantastic result in the limited time available to secure a sale.”
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