Regal Care Homes Ltd (03715350): administration
- Status
- Administration ended
- Administration began
- 2012-05-28
- Administrators
- James Joseph Bannon, Sarah Megan Rayment
- Administrators' firm
- BDO
- Incorporated
- 1999-02-18
- Location
- London
- Industry
- 87300 Residential care activities for the elderly and disabled
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
RCHL and RHL were incorporated on 18 February 1999 and 8 January 2007, respectively. The principal trading activity of RCHL 1s that of the operation of 16 care homes and one learning disabilities unit. RHL acts as a holding company. Twelve homes are owned by RCHL.
The Companies under-performed during 2012 and the occupancy rate in March 2012 was recorded as 73 7% against a sector benchmark of 89%
2.4
Administrators' statement of proposals (2012-07-23) · Companies House register