Homecare Technology Limited (01356744): administration
- Status
- Administration ended
- Administration began
- 2017-02-17
- Administrators
- Stephen Gerard Clancy, Steven Muncaster
- Administrators' firm
- Kroll
- Formerly
- Warechart Limited
- Incorporated
- 1978-03-09
- Location
- Manchester
- Industry
- 20412 Manufacture of cleaning and polishing preparations
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The business was onginaily based in Ipswich Following a break in their property lease tn 2007, the business relocated to the Marshfield Bank Employment Park, Crewe A further relocation took place in 2011 to the Premises, which were located on the same industnal estate The Premises were occupied under a sub lease from SIG
It ts our understanding that each of the moves cost the Company c£300,000 The later move was funded by a bank loan from YB Both moves reduced cash reserves and increased the Company's debt servicing requirements
Homecare Technology Limited (in Admmiustration) Joint Adnunstrators’ Report to Creditors and Statemend of
Administrators' statement of proposals (2012-10-24) · Companies House register