On 4 May 2021 KPMG LLP sold its UK Restructuring business to Interpath Ltd (trading as Interpath Advisory), a newly-formed company which is backed by H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC. The office holders mentioned below have transferred from KPMG to Interpath Advisory and remain in office. Further details of the sale are available on the KPMG website here.

Ultrasis plc – in Administration

Paul Flint and David Costley-Wood were appointed Joint Administrators of Ultrasis plc – in Administration (the ‘Company’) on 9 October 2015.

The administration has come to an end. For further information, including the exit route from the administration, please refer to the final progress report.

At the date of the appointment, the Company and its main trading subsidiary, Ultrasis UK Ltd, were operating two distinct business units: an occupational health clinic in London trading as the Waterloo Health Clinic, and an e-health business providing online healthcare services, primarily to mental health patients.

The Waterloo Health Clinic was sold to ToHealth Ltd on 23 October 2015 and the e-health business was sold to 365 Health and Wellbeing Ltd on 21 October 2015. Further details on each of the sales are set out in the SIP 16 memorandum available below.

The Joint Administrators circulated their proposals on 16 November 2015 and these were deemed to have been approved on 26 November 2015. A copy of the proposals and the notice of deemed approval is available below.

Statutory notices and reports

Notice of appointment 
SIP 16 Memorandum 
Joint Administrators’ Proposals 
Notice of deemed approval of Proposals 
1st Progress Report 
Notice of Extension 
Form 2.24B 
2nd Progress Report 
Final Form 2.24B 
Form 2.35B 
Final Progress Report 

Paul Andrew Flint and David James Costley-Wood are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.
We are bound by the Insolvency Code of Ethics.
The Officeholder(s) may be Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. Please refer to our Privacy Policy for further information.

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Ruth Pearson
Case contact
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John Noon
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