Private ambulance service ceases trading following administration

Wed, 20 Dec 2017 | ADMINISTRATION

A company that provides a private ambulance service to customers in Ashford, Kent has been placed into administration after a difficult period of trading.

Meditech UK Ambulance Services, which carried non-emergency patients to and from hospitals in the area, reported that “cash flow problems” had caused problems for the day-to-day running of the company and left little recourse available to its owners.

Kelly Burton and Lisa Hogg, licenced insolvency practitioners at Wilson Field, were appointed as joint administrators to the firm at the end of November.

The Brunswick Road-based ambulance company has now ceased trading, immediately shedding four full-time employees and letting go more than 40 part-time casual roles, too.

Burton, who is also a director at Wilson Field, explained: “Difficult trading conditions had resulted in cash flow problems and as a consequence a number of ambulances had been repossessed.”

Meditech UK was established in 2010 by firefighters Paul Bleach and Nigel Patton, both of whom had worked for a London ambulance firm for some years before buying their first vehicle for non-emergency transportation.

It provided specialist patient services, including a unique bariatric transport capable of moving individuals weighing up to 90 stone and a line in handling medical repatriation from any other European country.

The company seemed to be facing prosperous times when in 2013 it moved to new headquarters at Southdown Enterprise Park after securing a funding package from Lloyds TSB Commercial Banking. Meditech secured six new vehicles, too, taking its total fleet to 18, and expanded to take on 30 full-time members of staff and 20 part-time firefighters.

Bleach and Patton then sold the company to Immaculata Ambulance Service, led by directors James Shepherd and Matthew Staples, in June 2017.


Share this article



Latest Businesses for Sale

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources