# Vron IW Limited (02156867)

> Why UK company 02156867 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02156867

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02156867/filing-history/MzA0MTM3MjA0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02156867

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