On 17 July 2024, The Skn Group, a prominent player in the UK’s cosmetic and medical aesthetics industry, announced its closure and entered into administration. The group, which included well-known brands such as sk:n, The Harley Medical Group, Skinbrands, The Skin Experts, and ABC Medical, ceased trading with immediate effect. This sudden development has left many employees, clients, and stakeholders in shock.

Background

The Skn Group has been a key entity in the UK’s medical aesthetics and skin treatment market. It operated over 90 clinics across the country, providing a range of services from dermatological treatments to advanced cosmetic procedures. The company was renowned for its professional medical staff and state-of-the-art facilities, attracting a large clientele seeking specialised skin care and cosmetic treatments.

Reasons for Closure

The closure of The Skn Group appears to be a result of financial difficulties. Despite its extensive network and established reputation, the company struggled with mounting debts and financial instability. The economic climate, changes in consumer spending patterns, and increasing competition in the aesthetics industry likely exacerbated these financial challenges. Specific details on the financial state and the exact reasons leading to the administration have not been fully disclosed, but it is evident that the company could not sustain its operations.

Impact on Employees and Clients

The sudden closure has had significant repercussions for the company’s employees and clients. Approximately 600 employees are affected, facing uncertainty regarding their employment and future prospects. Many clients who had ongoing treatments or had pre-paid for services are now left in limbo. The administration process will need to address these issues, including potential refunds and the continuation of critical medical treatments.

Administration Process

Administration is a legal process designed to help an insolvent company continue operating while seeking ways to pay off its debts. In the case of The Skn Group, administrators will be appointed to manage the company’s affairs, business, and property. Their primary goal will be to recover as much value as possible for the creditors, which may involve selling assets, restructuring, or finding buyers for parts of the business.

Have you been affected by the Closure of Sk:n Clinic?

The closure of Sk:n clinics has left many patients seeking alternative clinics for their treatments. At CLNQ, we offer many of the treatments provided by Skn clinics. These include: Acne treatment, fillers, laser hair removal, Hydrafacial, mole removal, laser mole removal, and much more. We are offering existing Sk:n clinic patients some special offers to help them continue their treatments with us at CLNQ. Should you wish to book an appointment please contact us immediately.

Has your Surgery at Harley Medical Group been cancelled?

Harley Medical Group was part of Skn Group that have recently gone into administration. Many patients may have had surgery booked at one of their hospitals such as Pall Mall, Burcot Hall, First Trust and Harley Health Village. If you had a surgical procedure booked with Harley Medical Group please contact today to find out more about how our team can help you at CLNQ.