Circular 1 Health Limited – administration

Circular 1 Health Limited, one of the UK’s largest providers of COVID-19 tests, has entered administration, acknowledging that its trading performance was “intrinsically linked to the ongoing coronavirus pandemic” and citing a lack of new contracts and funding in the post-pandemic period. The company also failed to pay its staff in January and February. Gary Lee and Kenneth Pattullo of Begbies Traynor were appointed Joint Administrators. Barclays Bank PLC has a registered charge against the company.