Begbies Traynor Group

Award-winning Covid-testing contractor appoints administrators

Covid Testing Contractor
Date Published: 17/03/2023

Circular 1 Health, an award-winning Covid-testing contractor during the pandemic, has entered into administration.

Gary Lee and Kenneth Pattullo of restructuring experts Begbies Traynor have been appointed as Joint Administrators of Circular 1 Health Limited, which recently employed more than 40 people across its operations in Cumbria and Manchester.

It’s latest set of published accounts confirms a turnover of more than £35m. The testing company, born out of the Covid-19 crisis, responded to critical businesses that needed to remain operational through the pandemic.

Gary Lee, partner at Begbies Traynor, said:

“The directors have worked closely with the company’s stakeholders and have explored all options to address the long-term viability of the business. Unfortunately, new contracts and an injection of funding have not materialised and reluctantly, the directors have had no option but to place the company into administration. We are now taking steps to secure the company’s assets to maximise the outcome for creditors and staff and provide assistance to the employees in making claims.”

About The Author

Meet the Team

Gary is a Fellow of the Institute of Chartered Accountants in England and Wales and a Licensed Insolvency Practitioner with over 30 years experience in the profession.

He has worked extensively with Banks, Asset Based Lenders & Private Equity on mid market & SME assignments. He has a broad range of experience gained through a variety of assignments, working on formal insolvency appointments, informal workouts, debt negotiations and independent business reviews.

Contact Begbies Traynor Group

Have you been in contact previously
Key Contact

You're in Safe Hands

  • 35+ Years Experience
  • 100+ UK Offices
  • 70+ Group Partners
  • £100m Funding Completed

News Archive