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Totally PLC has entered administration after failing to secure a solvent solution for its parent company, the firm reported on Monday. The Derby, England-based provider of healthcare, corporate fitness and wellbeing services said it will sustain this offering, through the sale of its main divisions to PHL Group Ltd. PHL Group is a Fareham, England-based healthcare company serving the NHS and private sector. Totally has appointed Ernst & Young partners Tim Vance and Sam Woodward as joint administrators. Following the appointment, Totally completed the sale of its Elective Care and Corporate Wellbeing subsidiaries, as well as its Urgent Care division, to PHL Group. The transaction will ensure the ‘continued and uninterrupted provision of all services previously delivered by the group,’ Totally said. Following the move, all of Totally’s directors Simon Stilwell, John McMullan, Robert Forsyth, and Robert Harris resigned from the board. The company reiterated that its ongoing strategic review is not expected to result in any return to shareholders. This follows several months of financial difficulties for Totally, which employs more than 1,400 staff, according to its most recent annual report. The company lost its £13 million NHS 111 support contract in February. Subsequently, the firm revealed it faced a potential medical negligence claim that could exceed its £10 million insurance cover. On Friday, Totally announced its intention to appoint administrators after its strategic review failed to attract any solvent bids for the parent company, and its shares were suspended from trading on AIM. Totally shares were last quoted at 0.25 pence each in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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