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Covid-19 testing firm owed over £3.5m when it collapsed despite earning millions from pandemic

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More than £3.5m was owed by a Covid-19 testing firm when it collapsed into administration despite earning millions from the pandemic.

At its height, Circular 1 Health had employed 300 people, turning over more than £35m and achieving a pre-tax profit of £6.4m.

However, the company entered administration in March when Gary Lee and Kenneth Pattullo of Begbies Traynor were appointed to oversee the process.

When it collapsed Circular 1 Health, which had operations in Manchester and Carlisle, had shrunk down to employ just over 40 people. READ MORE: Join the FREE Manchester Evening News WhatsApp community Now, newly-filed documents with Companies House have revealed how much the business owed to its creditors when it entered administration and the reasons why it collapsed.

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