
Clinic Closures Bring Prepaid Treatment Models Into Focus.
aglow has highlighted the importance of how aesthetic clinics and salons manage prepaid client funds, following a few recent clinic closures, with a focus on the arrangements in place for vouchers, packages and credit balances if a business closes. The company said the closures have highlighted a structural risk in parts of the beauty sector, where client money can be used to fund day-to-day operations. In those cases, clients may be left as unsecured creditors if a business closes, while operators can carry growing liabilities on their balance sheets. Two Adelaide clinics on the aglow platform, Jennifer Carly Aesthetic Medicine and Adelphè Wellness, have stepped in to support customers affected by these recent local closures, by honouring vouchers. Karl Margrain, CEO and founder of aglow, said the issue reaches beyond a single business failure. “When client money is used to fund operating cash flow, the risk can fall back on








