# Prime Care Agency Limited (03484556)

> Why UK company 03484556 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03484556

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03484556/filing-history/MzEwMDgzOTU0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03484556

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