Assurance Care Limited (04168760): administration
- Status
- Administration ended
- Administration began
- 2024-09-13
- Administrators
- Jack Callow, Lisa Ion
- Administrators' firm
- Opus Restructuring
- Formerly
- Assurance Nursing & Employment Agency Ltd
- Incorporated
- 2001-02-27
- Location
- Milton Keynes
- Industry
- 78200 Temporary employment agency activities
From the administrators' statement
It is understood, although it has not been verified, that the director sought advice in respect of the Company’s financial position. The timings of any advice taken is not known to the Joint Administrators but the appointment of receivers in February 2024 is a clear indicator of financial distress and is a likely indication of when advice may have been taken.
It is further understood, although again it has not been verified, that the director was advised to request customers cease payments to Optimum under their debt facility. Customer payments to Optimum ceased in May 2024, an indicator that the director acted on this advice.
Because of the cessation of customer payments and on the understanding that customer payments due to Optimum were now at risk of being paid elsewhere, Optimum contacted Opus to discuss the matter and to understand their options with a view to protecting their security over the Company’s debtor book.
Administrators' statement of proposals (2024-11-14) · Companies House register