Vron IW Limited (02156867): administration
- Status
- Administration ended
- Administration began
- 2011-06-01
- Administrators
- Steven John Williams, Lila Thomas
- Administrators' firm
- Begbies Traynor
- Formerly
- Zonescheme Limited
- Incorporated
- 1987-08-25
- Location
- Preston
- Industry
- 8514
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
Vron (w Limited ("the Company") was formed on 25 August 1987 with Donald Alexander Hamnson being appointed Company Director The Company provided residential and convalescent care to elderly residents and operated from two care homes, Fron Yw and MMH both based in North Wales
Historically the Company has traded profitably Over the last two years the Company has seen a significant rise in overheads (1 e insurance, gas and electric) and the Company's tumover has reduced with both homes failing to operate at full capacity This coupled with increased competition within the market place has had a significant effect on cash flow In an attempt to reduce overheads, the Director made the decision to cease operations at Fron Yw with all staff being made redundant The Director owns Fron Yw personally and his objective was to sell the property to generate sufficient funds to repay creditors, however, this relled upon an early sale of the property which had not been achieved
Both properties were placed on the market with Christie & Co and Fron Yw is also on the market with Jackson Stops as a residential property
Administrators' statement of proposals (2011-08-01) · Companies House register