BusinessBusiness RecoveryJohnston Carmichael liquidator appointed to Breastlight

Johnston Carmichael liquidator appointed to Breastlight

Johnston Carmichael partner Matt Henderson has been appointed liquidator to Breastlight manufacturer PWB Health

JOHNSTON CARMICHAEL insolvency practitioner is appointed to PWB Health liquidation which supplies medical equipment internationally.

Matt Henderson, a partner at Johnston Carmichael, was appointed to the business which makes Breastlight, a home usable device, to help women check for breast lumps and tumours.

“Sales of this product have been good but the company has been under immense pressure due to worldwide demand. The sheer volume of orders coupled with a relatively low margin has crippled working capital and has left the business cash-strapped,” said Henderson.

Breastlight continues to sell in 12 countries, and in Boots stores in the UK. The business has created a low cost alternative to Breastlight, which Henderson claims has every chance of trading well under new owners.

PWB Health made an application to the Sheriff Court in Glasgow this week. Henderson put the company and assets up for sale immediately following his appointment. 

 

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor