Pullever Limited (02486286): administration
- Status
- Administration ended
- Administration began
- 2020-10-13
- Administrators
- Alison Grant, Edward Williams
- Administrators' firm
- PwC
- Incorporated
- 1990-03-28
- Location
- Leeds
- Industry
- 86102 Medical nursing home activities
From the administrators' statement
The Company was incorporated on 28 March 1990 and owned and operated a care home in Sheffield which traded as Newfield Nursing Home. The Company is part of the Group, which owns and operates other care homes in the Sheffield area, The Company provided elderly care services to a combination of local authority funded residents, residents who were placed and funded through Group and Company contracts with Sheffield Teaching Hospital and a small number of self-funding residents.
The Group provided central services and funding to the Company and in certain instances contracted on its behalf. The Group was acquired by its current management in February 2018 through a management buy out. The Bank funded the transaction through a term loan facility of c.£7m to Palms Row. Under the loan agreement, the Bank has the benefit of a debenture and guarantee (from Group entities including Pullever Limited) and a legal charge over the Property as valid security for the liabilities of the Group entity, Palms Row.
Administrators' statement of proposals (2021-03-15) · Companies House register