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360 Healthcare Limited (04304974): administration

Status
Administration ended
Administration began
2014-05-29
Administrators
John Malcolm Titley, Andrew Poxon
Administrators' firm
Leonard Curtis
Incorporated
2001-10-16
Location
Manchester
Industry
86900 Other human health activities

Why it went into administration

From the administrators' statement

The Company was incorporated in 2001 by David Johnson and provided private homecare services into the community via local councils

Histoncally the Company has traded successfully, building and maintaining key relationships with local councils The Company secured a new contract in 2012 resulting in a significant increase in the Company's tumover in the year ended 31 October 2012 However, the Company at that time did not have sufficient capacity to service the contract, resulting in the southern sector of the contract being subcontracted to another care provider Subcontracting 1s not allowed under the terms of the contract

In the same penod, the director was involved in the purchase and refurbishment of a property in the name of Geared4 Limited ("Geared4") Geared4 is an associated company by way of a common director This involvement resulted in significant funds being withdrawn from the business, estimated at approximately £204k

Administrators' statement of proposals (2014-07-18) · Companies House register

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360 Healthcare Limited (04304974)

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