OutsideClinic - Restructuring Plan

OutsideClinic, a leading provider of home visit eye and hearing care, had its restructuring plan sanctioned by the High Court on 28 March.

The company has recently faced challenges due to the lasting impacts of the COVID-19 pandemic and a couple of strategic acquisitions that negatively affected revenue.

The plan aims to secure a stable financial future for OutsideClinic by compromising its debts, with HMRC reportedly receiving 15 pence in the pound and unsecured creditors receiving 5 pence in the pound.

Will Wright and Natasha Harbinson of Interpath are the plan administrators.

A team from Shoosmiths led by partner Sarah Teal advised on the plan.