Adderley House Limited (02159379): administration
- Status
- Administration ended
- Administration began
- 2011-09-07
- Administrators
- Jane Bronwen Moriarty, Neil David Gostelow
- Administrators' firm
- KPMG
- Incorporated
- 1987-08-31
- Location
- Reading
- Industry
- 7487
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company operates two care homes known as Adderley Care Home and Adderley House based on the same site in Long Sutton, Lincolnshire Adderley Care Home 1s a 72 bed purpose built care home compnsing a secure unit for dementia patients Adderley House 1s a grade II listed building and has 40 registered beds The Company owns the freehold interest in both properties
Due to the general economic climate, the Company has struggled financially over the last few years As aresult, in Apr! 2011, Santander engaged KPMG and to undertake an IBR of the Company in order to assess the Company’s financial positron and the options available to it
Following presentation of a winding up petition to Stargate, Adderley’s parent company, by HMRC, the Company began to experience cash flow pressure and insolvency Therefore, the Director appointed Neil David Gostelow and Jane Bronwen Monarty of KPMG LLP were appointed as Administrators of Adderley on 7 September 2011
Administrators' statement of proposals (2011-11-07) · Companies House register