BREAKING: MediTek owner confirms it has ceased trading

Following continued speculation in the industry, Kevin G. Strafford-Price, Owner of Meditek, he has confirmed that the North East-based stairlift manufacturer has ceased trading as of January 31st.

Responding to an enquiry from a distributor regarding an order, Kevin G. Strafford-Price commented: "I regret to say MediTek ceased trading on January 31st at 4pm. All the staff received redundancy, notice and monthly pay. Some staff been with me for 20 years. Sad and stressful time. I would like to thank the creditors who worked hard to help the company get through and customers who were loyal to the bitter end.”

With authorised dealers across the UK and international distribution network, Meditek manufactured a wide range of stairlifts from its purpose-built showroom/assessment centre in MediTek Newton Aycliffe, however, there had been growing speculation in the industry that company had been facing financial difficulties in recent years.

The company had been a member of the British Healthcare Trades Association before resigning in April 2017.

THIIS contacted the company regarding the announcement and is awaiting comment.

The website for the company is HERE