Egerton Lodge Limited (02120551): administration
- Status
- Administration ended
- Administration began
- 2023-07-03
- Administrators
- Alex David Cadwallader, Hilary Pascoe
- Administrators' firm
- Leonard Curtis
- Formerly
- Calvinbrook Limited
- Incorporated
- 1987-04-07
- Location
- Manchester
- Industry
- 87300 Residential care activities for the elderly and disabled
Why it went into administration
- COVID-19
- Rising costs / inflation
- Energy costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 7 April 1987 and commenced to trade shortly thereafter. In 2015, the current Company Directors were appointed and the shareholder corporate entity purchased the Company shares.
The Directors obtained a mortgage and debenture, secured against the Company's owned premises to fund the purchase of the Company. Further funds were utilised to modernise the interior of the home, undertake necessary restorations of the property and the surrounding grounds.
The Company traded from the Company owned premises at Egerton Lodge, Wilton Road, Melton Mowbray, Leicestershire, LE13 OUJ.
Administrators' statement of proposals (2023-08-31) · Companies House register