Claremont Rest Home Limited (03620129): administration
- Status
- Administration ended
- Administration began
- 2012-03-08
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Formerly
- 3620129 Limited
- Incorporated
- 1998-08-21
- Location
- Manchester
- Industry
- 7487
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The director, Mrs A Watson, has provided the following history of the company
The Company was formed by Mr and Mrs Watson for the purpose of providing residential care to the over 60’s Mr Watson was previously a care home Manger and Mrs Watson a qualified Nurse, providing the knowledge and skills required to form the Company
The initial deposit to purchase the business was provided by the Directors, with further borrowing from the Royal Bank of Scotland Plc to the value of £550,000 The shares were split equally between the directors Subsequently the loan was transferred to the National Westminster Bank Plc following refinance
Administrators' statement of proposals (2012-05-02) · Companies House register