# Oakfield Care Limited (02826757)

> Why UK company 02826757 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02826757

- **Status:** Administration ended
- **Administration began:** 2012-03-20
- **Administrators:** Lindsey J Cooper, Donald Bailey
- **Administrators' firm:** Baker Tilly Restructuring and Recovery
- **Incorporated:** 1993-06-14
- **Location:** Manchester
- **Industry:** 9305

## Why it went into administration

- Cash flow / liquidity pressure
- Regulatory change or action
- Property / lease costs
- Competition / price pressure

## From the administrators' statement

Relevant extracts from the Company’s unaudited financial statements and management

accounts are summarised below

Year ended Year ended 30 November 2010 30 November 2009 Turnover 390,923 530,873 Cost of sales (243,027) (335,188) Gross profit 147,896 195,685 Administrative expenses (131,408) (246,782) Operating profit/(loss) 16,488 (51,097) Interest payable and other similar charges (38,788) (38,772) Profit/(loss) on ordinary activities (22,300) (89,869) before taxation Tax on profit/(loss) on ordinary 1,252 (7,103) activities Profit/(loss) for the period after (21,048) (96,972) taxation Year ended Year ended 30 November 2010 30 November 2009 Fixed assets Tangible assets 901,059 923,035 Current assets Stocks 500 500 Debtors 372,198 372,741 372,698 373,241 Creditors amounts falling due within (135,120) (90,895) one year Net current assets / (liabilities) 237,578 282,346 Total assets less current liabilities 1,138,637 1,205,381 Creditors: amounts falling due after more than one year (687,283) (732,042) Provision for liabilities (29,382) (30,318) _ Net assets / (liabilities) 421,973 443,021 Capital and reserves Called up share capital 2 2 Revaluation reserve 551,411 561,628 Profit and loss account (129,440) __ (118,609) Shareholders’ funds 421,973 443,021 Directors Remuneration 36,015 131,347

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02826757/filing-history/MzA1NzY2Mjc1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02826757

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