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Lasercare Clinics Harrogate Ltd.

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Lasercare Clinics Harrogate Ltd.
Private
ISIN🆔
IndustryHealth Care Facilities, cosmetics
Founded 📆October 3, 1990; 34 years ago (1990-10-03)
Founders 👔John Gill, Paul Jones
Headquarters 🏙️34 Harborne Rd, Edgbaston, ,
Number of locations
100 as of February 2020[1]
Area served 🗺️
Key people
Darren Grassby, (CEO)[2]
ServicesCosmetic surgery, skin care, skin laser treatments
Revenue🤑 
  • Increase US$ 37.8m (2018)[3]
  • £25.2 M (2015)[4]
$4.75m[3] (2018)
OwnerTriSpan LLP
Members
Number of employees
294[5] (2020)
🌐 Websitewww.sknclinics.co.uk
📇 Address
📞 telephone

Lasercare Clinics Harrogate (also known as SK:N) (est. in 1990) is a United Kingdom chain of clinics specialising in laser skin treatments and cosmetic surgery procedures. It is operated by Lasercare Clinics Harrogate Ltd. and owned by TriSpan, a private equity investor.

History[edit]

Lasercare Clinics Harrogate Limited was founded on October 3, 1990 by John Gill and Paul Jones.[6][7] It partnered with the NHS to provide laser treatment services at Harrogate District Hospital.[8] Its initial specialization was port wine stain birthmark removal using lasers. A stand-alone clinic was opened in Birmingham City Hospital in 1993, followed by a private clinic on Harley Street (Central London) in the same year.[8][7]

In January 1996, two Lasercare Clinics were opened in Scotland, at Southern General Hospital and Royal Infirmary of Edinburgh, with the NHS partially covering the treatment.[9] In 1998, Lasercare Clinics in Glasgow was one of the first clinics in Scotland that used Er:YAG laser to treat wrinkles and perform other skin treatments.[10] In 2002, Birmingham and London Lasercare Clinics were first in Britain to offer the Excimer laser treatment.[11] In August 2003, Lasercare Clinics acquired rival chain of clinics Hairaway.[12]

Lasercare Clinics was re-branded as SK:N in 2005.[7] The first clinic under SK:N trade name opened in Glasgow in February 2005.[13] In 2006, the company founders sold their business to a venture capital firm Graphite Capital for an undisclosed amount.[7] At the time of sale, SK:N had 18 clinics and treated some 15,000 clients a month.[7] In 2007, Lasercare Clinics (Harrogate) Limited won a suit against Procter & Gamble, owner of “SK II” trademark, and affirmed its right to use “sk:n” trademark.[14] As of 2008, SK:N had 30 clinics in the UK.[15]

In 2014, British futurologist Ray Hammond and SK:N launched Find Your Future Face, a quiz site that predicted lifestyle advances by 2064 and how will they change people’s faces.[16]

In February 2019, TriSpan, a private equity company, bought SK:N from Graphite Capital in a deal worth about £35m.[17] At the time of the deal, SK:N had 51 UK clinics.[17] Following this acquisition, TriSpan made several other purchases including Destination Skin with 16 aesthetic skincare clinics (May 2019) and Flint + Flint with 7 skin clinics and health Spas (July 2019).[2][18] In November 2019, TriSpan, acquired Harley Medical, a big plastic surgery provider with 20 clinics, from RCapital, a UK private equity group.[19][20] Under the terms of the deal, Harley Medical came under the ownership of Lasercare Holdings Limited, which operates SK:N.[20]

In February 2020, TriSpan acquired The Adonia Medical Group, owner of Courthouse Clinics, with 11 clinics.[21] The acquisition expanded SK:N clinics presence to over 100 locations across the UK.[1]

Financials[edit]

In 2010, Lasercare Clinics Harrogate Ltd. had an operational revenue of £24.8m.[22] In February 2016, LaingBuisson, an English healthcare consultant, reported that the company’s revenue was £25.2m for the year ended 31 August 2015.[4] D&B Hoovers estimates that the company earned US$ 37.8 M in revenues and had an income of $4.75 M in 2018.[3]

Compliance[edit]

SK:N is regulated by the Care Quality Commission, an executive non-departmental public body of the Department of Health and Social Care.[23]

Criticism and controversies[edit]

In October 2012, ASA reviewed the consumer complaint related to the company’s paid search advertising at Google and decided that it’s stretch marks ads were misleading.[24]

In 2014, the firm launched a controversial video advertising campaign, in which the British model and actress Megan Morewood’s and journalist Helen Wright’s faces were transformed with acne.[25][26]

In 2018, Government Equalities Office listed Lasercare Clinics Harrogate Ltd. among 33 other West Midlands companies with the biggest gender pay gap.[27]

Sponsorship[edit]

In 2007-2012, the company was a sponsor of Warwickshire County Cricket Club.[28][29] SK:N provided free skin cancer screening to the members of the Professional Cricketers Association.[30][31] It also recruited cricket stars such as Jonathan Trott, Alastair Cook, James Anderson to explain the importance of regular skin cancer screenings.[32][33]

Products and services[edit]

SK:N is known for its use of laser-based skin treatments, especially laser hair removal.[34] It also offers cosmetic and anti-ageing treatments, minor surgical procedures including mole and skin tag removal, tattoo removal, acne and acne scar treatment.[35][36] The company also has its own range of skin care products launched in 2011.[37]

References[edit]

  1. 1.0 1.1 Parsons, Sarah (2020-02-11). "Sk:n Group's spending spree continues with The Adonia Medical Group deal". cosmeticsbusiness.com. Archived from the original on 2020-02-22. Retrieved 2020-02-22.
  2. 2.0 2.1 Davies, Maria (2019-05-20). "The sk:n group acquires Destination Skin". LaingBuisson. Archived from the original on 2020-01-12. Retrieved 2020-01-12.
  3. 3.0 3.1 3.2 "Lasercare Clinics (Harrodgate) Limited". D&B Hoovers. 2018. Archived from the original on 2018-07-28. Retrieved 2018-07-28.
  4. 4.0 4.1 "Subdued results from Lasercare Clinics". LaingBuisson. 2016-02-26. Archived from the original on 2018-07-28. Retrieved 2020-01-22.(subscription required)
  5. "Lasercare Clinics Harrogate Ltd". Bloomberg L.P. Retrieved 2020-01-12.
  6. "Lasercare Clinics (Harrodgate) Limited Overview". Companies House. 2018. Archived from the original on 2018-07-28. Retrieved 2020-01-12.
  7. 7.0 7.1 7.2 7.3 7.4 "Specialists back in business with £2.5m venture". The Yorkshire Post. 2010-06-01. Archived from the original on 2018-07-28. Retrieved 2020-01-12.
  8. 8.0 8.1 "sk:n Chester". National Health Service. 2016-07-14. Archived from the original on 2018-07-28. Retrieved 2020-01-12.
  9. "Laser deal for Scots". Daily Record. 1996-01-15. Archived from the original on 2020-01-12. Retrieved 2020-01-12 – via thefreelibrary.com.
  10. Mallon, Margaret (1998-09-02). "Face off; A New, Gentle Laser Can Smooth Away the Years in a Matter of Minutes". Daily Record. Retrieved 2020-01-12 – via Questia Online Library.
  11. McKay, Marion (2002-05-09). "Laser treatment to help beat skin disorders". Daily Mail. Archived from the original on 2015-10-18. Retrieved 2020-01-12.
  12. "Lasercare buy signals expansion plans". LaingBuisson. 2003-08-01. Archived from the original on 2020-01-22. Retrieved 2020-01-22. Unknown parameter |url-status= ignored (help)
  13. Burnside, Anna (2008-06-22). "A different kind of face off in Glasgow". The Sunday Times. Archived from the original on 2020-01-12. Retrieved 2020-01-12.(subscription required)
  14. "In the matter of application nos 2374039B and 2385263B by Lasercare Clinics (Harrogate) Limited and the consolidated oppositions thereto under nos 93805B and 93844 by The Procter & Gamble Company" (PDF). Intellectual Property Office (United Kingdom). 2007-05-11. Archived from the original (PDF) on 2018-07-28. Retrieved 2020-01-12.
  15. Lyons, Teena (2008-06-22). "Botox salons inject beautiful profits into high street gloom". The Sunday Times. Archived from the original on 2020-01-12. Retrieved 2020-01-12.(subscription required)
  16. Young, Katy (2014-06-06). "Find Your Future Face: the website predicting the future of beauty". The Daily Telegraph. Archived from the original on 2014-08-29. Retrieved 2020-01-22.
  17. 17.0 17.1 "Botox chain SK:N bought by TriSpan". The Sunday Times. 2019-02-03. Archived from the original on 2019-02-03. Retrieved 2020-01-12.(subscription required)
  18. Finch, Isabel (2019-09-13). "Skincare specialist Sk:in acquires Manchester-based Waveriver out of administration". business-live.co.uk. Archived from the original on 2019-12-06. Retrieved 2020-01-12.
  19. Mkandawire, Vinjeru (2019-11-29). "Plastic surgery group Harley Medical sold in pre-pack administration". The Daily Telegraph. Archived from the original on 2019-12-21. Retrieved 2020-01-12.(subscription required)
  20. 20.0 20.1 Kleinman, Mark (2019-11-29). "Cosmetic surgeons Harley Medical sold in pre-pack deal". Sky News. Archived from the original on 2019-11-30. Retrieved 2020-01-12.
  21. Davies, Maria (2020-02-11). "TriSpan-backed sk:n buys Adonia Medical Group". LaingBuisson. Archived from the original on 2020-02-22. Retrieved 2020-02-22.
  22. "The Role of Private Equity in UK Health & Care Services" (PDF). British Private Equity and Venture Capital Association. July 2012. p. 42. Archived from the original (PDF) on 2016-03-25. Retrieved 2020-01-22.
  23. "Provider: Lasercare Clinics (Harrogate) Limited". Care Quality Commission. Archived from the original on 2020-01-22. Retrieved 2020-01-22.
  24. "ASA Adjudication on Lasercare Clinics (Harrogate) Ltd t/a sk:n". ASA. 2012-10-31. Archived from the original on 2018-07-28. Retrieved 2020-01-12.
  25. Hinde, Natasha (2014-09-10). "This Model Steps Into The Shoes Of An Acne Sufferer By Undergoing A Transformation". The Huffington Post UK. Archived from the original on 2015-10-13. Retrieved 2020-01-12.
  26. March, Bridget (2014-09-26). "This will change the way you view acne". Cosmopolitan UK. Archived from the original on 2018-07-30. Retrieved 2020-01-12.
  27. Miller, Claire; Cannon, Matt (2018-04-05). "Gender pay gap: The West Midlands companies with the biggest gap between men and women's salaries". Birmingham Mail. Archived from the original on 2018-04-05. Retrieved 2020-01-12.
  28. "Warwickshire county cricketers have skin cancer tests". BBC News. 2012-03-06. Archived from the original on 2020-01-22. Retrieved 2020-01-22.
  29. Long, Michael (2012-03-20). "Warwickshire extends with sponsor for 2012 season". SportsPro. Archived from the original on 2020-01-22. Retrieved 2020-01-22. Unknown parameter |url-status= ignored (help)
  30. "Skin cancer check for county cricketers". Worcester News. 2009-03-20. Archived from the original on 2020-01-12. Retrieved 2020-01-12.
  31. "Cricketers get skin cancer tests". BBC News. 2009-05-14. Archived from the original on 2016-01-23. Retrieved 2020-01-12.
  32. "England and Warwickshire cricketer Jonathan Trott goes under UV light to warn on skin cancer". Birmingham Mail. 2012-08-14. Archived from the original on 2020-01-22. Retrieved 2020-01-22.
  33. Docking, Neil (2011-08-25). "Burnley cricket hero warns of dangers of UV light". Lancashire Telegraph. Archived from the original on 2020-01-22. Retrieved 2020-01-22.
  34. Kinnes, Sally (2006-07-05). "Flying off the shelves at ... Sk:n". The Guardian. Archived from the original on September 24, 2014. Retrieved July 28, 2018.
  35. "Waking up with a new tattoo". How to Survive Anything: A Visual Guide to Laughing in the Face of Adversity. Lonely Planet. 2015. p. 106. ISBN 978-1743607527. Search this book on
  36. Gosling, Charlotte (2017-11-10). "Britain's leading skincare clinic has just opened up in Plymouth". The Herald (Plymouth). Archived from the original on 2017-11-11. Retrieved 2020-01-22.
  37. "sk:n launches skin care range". cosmeticsbusiness.com. 2011-06-13. Archived from the original on 2020-01-22. Retrieved 2020-01-22. Unknown parameter |url-status= ignored (help)

External links[edit]


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