UK pharmacy in administration with over £3m debt – update

Ahmeys fell into administration in July 2025 with a contract exchanged the same month to sell the chemist in Oxford Road, Cowley using a £122,500 deposit against a £1.225m sale price.

However, this sale to a family member of the directors was delayed as the buyer, PharmaLearn, struggled to secure funding due to lower lender valuations and a weak property market, administrators previously said.

In a new update, joint administrators Paul Cooper and Paul Appleton of BTG Begbies Traynor have applied to the High Court of Justice to extend the administration period.

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This period has now been extended to July 16, 2027, documents submitted to Companies House say.

Shortly after being taken over by the administrators, MedLearn Limited and Pharmalearn Limited vowed to buy the pharmacy.

Faiza Saleem is a director of both purchaser companies and is also connected to Nisar Ahmad, the sole director of Ahmeys, the administrators said.

Mrs Saleem is the wife of Faheem Ahmad, who resigned from Ahmeys in January 2025 as a director and from Medlearn in January 2024.

She is also the daughter in law of Nisar Ahmad, 69, the remaining director of Ahmeys.

The 22 staff who worked at Ahmeys were transferred to the new buyer via TUPE, transfer of undertakings (protection of employment), which eliminated the need for redundancies and wage arrears.