Applewalk Homes Limited (03654021): administration
- Status
- Administration ended
- Administration began
- 2013-09-05
- Incorporated
- 1998-10-21
- Location
- Bristol
- Industry
- 87900 Other residential care activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Applewalk was incorporated as a private limited company on the 21 October 1998 The share capital of the Company compnses 100 ordinary shares of £1 each, which are fully pard
The Company entered into an agreement for a lease of the premises at Brackenley, 33 Forest Lane Head, Harrogate, HG2 7TE (the Property”) on 25 January 1999, which allowed the Company to take possession of the Property for the purposes of improving various aspects to bnng the Property up to a sufficient standard to be a care home, and to allow the Company to register and trade as a home for young adults with learning disabilites
Following completion of the works, a lease was completed dated 18 March 1999 made between Mr and Mrs B M Forshaw and the Company The lease was on a full repairing and insuring basis on usual terms and three yearly rent reviews The Company also negotiated an option to purchase the freehold of the Property on terms which subsequently became beneficial to the Company
Administrators' statement of proposals (2013-10-29) · Companies House register