Prime Care Agency Limited (03484556): administration
- Status
- Administration ended
- Administration began
- 2014-05-01
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1997-12-22
- Location
- Salisbury
- Industry
- 86900 Other human health activities
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company began to experience financial difficulties following the recession in 2008 that had an effect on Government departments and loca! council spending Cutbacks and budget cuts led to the Council looking at ways to save money on delivering domiciliary care
In 2011 a “lead provider” concept was introduced where one large domiciliary care provider company took over the running for the Council This led to the lead provider sub-contracting to smaller care providers, the Company being one of them The Company’s charges had to be reduced considerably to stay competitive but overheads and wages remained the same
As a result, the Company started to experience creditor pressure There was insufficient time for the
Administrators' statement of proposals (2014-05-28) · Companies House register