# Homecare Technology Limited (01356744)

> Why UK company 01356744 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01356744

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01356744/filing-history/MzA2NjM4NDE2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01356744

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.