Overview
- Insolvency and Companies Court Judge Sebastian Prentis discharged the administrators and ordered the company to be wound up, placing the case initially with the Official Receiver.
- The Department of Health and Social Care is the largest unsecured creditor after a High Court judgment over non‑compliant surgical gowns left the firm owing about £148 million.
- Government counsel argued there was no realistic alternative to liquidation, describing the company as hopelessly insolvent and seeking immediate winding‑up.
- Administrator filings showed only hundreds of thousands of pounds available for unsecured creditors, a secured claim of about £1 million from Angelo (PTC) Limited, and an HMRC tax claim of roughly £39 million.
- Administrators pointed to potential third‑party claims that might yield recoveries, and the Mirror reports an ongoing National Crime Agency inquiry into the company and individuals.