MOORFIELDS ADVISORY SECURE SALE OF COSMETIC PRACTICE
Moorfields Advisory, a leading restructuring and insolvency firm, has successfully secured the sale of Cranley Clinic Ltd, a cosmetics clinic operating from Harley Street, London.
The clinic, which provides dermatology, skin health, cosmetic procedures and treatments, had started to struggle from reduced trade during the pandemic and was unable to recover from the losses suffered.
Joint Administrators Mike Solomons and Andy Pear completed a pre-packaged sale out of Administration shortly after their appointment on 14 June 2023, ensuring minimal disruption to the clinic's customers and saving the jobs of 8 employees.
Mike Solomons, Partner at Moorfields said “We are pleased to have secured the sale of Cranley Clinic and to have protected the employment of staff.”
Many businesses are suffering in the post pandemic environment especially since the loss of government support. We urge businesses to seek help early to ensure they are in the best position”
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Moorfields Advisory Ltd is one of the UK's leading boutique firms of restructuring and insolvency specialists. The highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high-quality advice to companies and their stakeholders in financially distressed situations.
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