Valley View Residential Homes Ltd (02106754): administration
- Status
- Administration ended
- Administration began
- 2017-11-30
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Daregolden Limited
- Incorporated
- 1987-03-06
- Location
- Newcastle upon Tyne
- Industry
- 86900 Other human health activities
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company began trading as a registered care home in 1988 from premises at Burn Road, Blaydonon-Tyne. The care home consisted of an 18 room 28 bed property, initially as a residential home only and then later as a dual registered home for residential and EMI/Dementia patients.
The home housed both private and local authority residents and operated as it was at full capacity for a number of years. In 2004, due to increased demand and changes in legislation, partly enforced by the local authority, the home was extended and the shared rooms were converted to single rooms to transform it from a 28 resident home to a 42 resident home.
A summary of the Company's recent trading performance is shown below. Statutory Accts Statutory Accts
Administrators' statement of proposals (2018-02-08) · Companies House register