Rosewood Care Services Limited (02926961): administration
- Status
- Administration ended
- Administration began
- 2014-06-19
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1994-05-09
- Location
- Preston
- Industry
- 86900 Other human health activities
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
The following information 1s based upon initial discussions with Mr Shafiq Rehman, the Company records and its advisors
The Company was incorporated in May 1994 with Sandra Aspinall and John Sleigh appointed as Directors and Secretary The Company operated two nursing homes in Liverpool and Manchester, namely Brooklands and Polefield which had traded successfully for a number of years The accounts prepared up to 31 October 2009 show that the business was profitable, recording profits of £62,904 However, the Care Quality Commission inspections highlighted areas of concern, particularly with regard to medicine handling and administration at Brooklands
In 2010, Atique and Nosheen Rehman acquired the Company's business and assets via a share sale They along with another family member Shafiq Rehman, had experience in acquiring struggling care homes and looked to make the improvements necessary to turn the care homes around At the point of acquisition, the Directors believed the homes would be a good purchase and would only improve over tme However, concerns continued to be raised by CQC and by 31 October 2010 the Company recorded losses of £33,084
Administrators' statement of proposals (2014-08-12) · Companies House register