Begbies Traynor has been appointed to probe the circumstances surrounding the Harley Medical Group entering administration.
Begbies Traynor partner Paul Stanley has been appointed joint liquidator of Harley Medical Group by its creditors and will be examining a number of transactions the company carried out, according to a report by Business Credit Management UK.
The payment of large dividends in 2010 are among the transactions under investigation, including a dividend payment of more than £1 million.
Harley Medical Group went into a pre-pack administration in November 2012 following claims by thousands of women fitted with faulty breast implants supplied by French company Poly Implant Protheses (PIP).
Stanley said: “The company accounts show large dividends were removed in 2010 and the creditors are concerned whether the directors at this time should have known they were facing problems.
“I have been appointed to trace all these transactions to make sure that the business was being run in the proper manner by the directors prior to the administration and to investigate possible claims against the UK distributor of PIP implants.”
Harley Medical Group is believed to have fitted around 13,900 PIP implants, which is more than any other cosmetic surgery company in the UK and represents a third of those fitted in this country.
The faults with the implants became apparent in 2010 and women are understood to have made claims against Harley Medical Group for around £15 million.
Last year, Leonard Curtis was appointed administrator of the company and sold the business to the directors’ new company Aesthetic and Cosmetic Surgery as part of a pre-pack administration.
Harley Medical Group had 175 staff at 30 offices across the country.