# Capricorn Cottage Limited (04230996)

> Why UK company 04230996 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04230996

- **Status:** Administration ended
- **Administration began:** 2011-09-29
- **Administrators:** Jane Bronwen Moriarty, Neil David Gostelow
- **Administrators' firm:** KPMG
- **Incorporated:** 2001-06-08
- **Location:** Reading
- **Industry:** 8514

## Why it went into administration

- HMRC / tax arrears

## From the administrators' statement

The Company operates one care home which 1s located at 88 Eastgate, Fleet, Holbeach, Spalding, PE12 8ND and has a total of 34 registered beds As well as the purpose built residential home, the site also includes a day centre, four bedroom semi-detached cottage and a four bedroom detached house, all of which are owned on a freehold basis

KPMG was first approached and engaged by Santander in April 2011 to conduct an IBR of the Company in order to assess the Company’s financial position and the options available to the Company.

However, HMRC issued a petition to wind up Stargate (which was due to be heard on 10 October 2011) Stargate owns 2% of the Company and has a common director The majority of the Bank’s lending to the group is to Stargate and consequently, the Bank became concerned about their position Following a review, the Bank decided to cease its relationship with both the Company and Stargate As a result, the Director felt he had no option other than to appoint Administrators over the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04230996/filing-history/MzA0Nzc1MTM0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04230996

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