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UK Construction Firm with Hundreds of Employees Enters Administration
Administrators say more than 100 redundant staff may be owed money as Jhoots’ £4.5 million sale leaves no funds for many creditors.
- Jhoots Pharmacy Limited sold its business and assets to Allied Pharmacies for £4.5m after entering administration, though a recent report indicates more than 100 redundant employees may be owed money.
- The pharmacy chain fell into administration in late December with significant debts to creditors and the bank, despite director Sarbjit Singh Jhooty stating in 2024 that the market was "heavily regulated therefore the risk of competitive pressure is low."
- Trade union the Pharmacy Defence Association estimated more than £870,000 in unpaid locum fees, while administrators reported roughly £4.75 million in unsecured claims and HSBC is not expected to reclaim its £15.7m loan.
- Former employees are receiving assistance through the Redundancy Payments Service to pursue claims, though administrators do not expect sufficient funds to repay preferential or unsecured creditors.
- Jhoots' collapse reflects a broader UK high street crisis this year, with retailers River Island and Primark closing stores and the Accell Group, owner of iconic bikemaker Raleigh, also filing for administration.
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36 Articles
36 Articles
Oxford Mail+2 Reposted by 2 other sources
100 redundancies at collapsed UK pharmacy company in administration
More than 100 redundancies have been made at a collapsed UK pharmacy company, administrators have said.
·Oxford, United Kingdom
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Total News Sources36
Leaning Left0Leaning Right1Center34Last UpdatedBias Distribution97% Center
Bias Distribution
- 97% of the sources are Center
97% Center
C 97%
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