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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

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

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Prime Care Agency Limited (03484556)

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