Mon, 29 Oct 2012 | ADMINISTRATION
The Celtic Springs Clinic in Newport has entered administration, it has been confirmed.
The clinic, which provided gastric band operations for patients, had been struggling with “cashflow pressures” for some time and was forced to cease trading as no suitable buyer could be found.
Andrew Pear, from administrators BM Advisory, commented: "Despite extensive work undertaken by various parties to realise a sale of the business, unfortunately no suitable buyer could be found.
"Following our appointment, the principal concern is of course ongoing patient care and we are working closely with all relevant parties, including the healthcare regulator and other clinics to ensure that all patients receive the necessary support, treatment and high standard of care they require."
There is now a chance that a buyer will be found for the state-of-the-art premises, allowing the facilities to be used by a different company in the future.
A total of 25 jobs were lost as a result of the business failure. However, administrators have noted that their main concern now is to handle enquiries from patients keen to know what will happen to their treatment plans.
Serving blue-chip data management and security technology clients across the globe, this disruptive software development company provides tools and services to assess, repair, and recover, and migrate enterprise backup products.
Operating internationally, the company delivers tailored electrical distribution and control solutions to public and private sector clients across a wide range of industries.
This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.