Xtreme Care Limited (04456559): administration
- Status
- Administration ended
- Administration began
- 2011-12-05
- Administrators
- John Edmund Paylor
- Administrators' firm
- Guardian Business Recovery
- Incorporated
- 2002-06-07
- Location
- London
- Industry
- 7450
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was authorised by the Care Quality Commission to supply care staff to nursing and domestic homes In 2005 Harley Reed Consulting Limited became involved in the Company purchasing a fifty per cent shareholding for £75,000 and also appointing Thomas Tagoe to the board of directors Subsequent to this a dispute arose between Mr Tagoe and Mrs Headley who eventually resigned as a director, although she retained her shareholding It 1s alleged that Mrs Headley then commenced trading in direct competition with the Company, taking a number of clients with her Offers to purchase Mrs Headley’s shares were not accepted and solicitors were instructed in an effort to resolve the matter However, by this time the Company had found ttself in financial difficulties and Mr Tagoe was not prepared to introduce further funds into tt without full control
Talks were held with this firm, referred to below, and tt was decided that there was little alternative other than for the directors to issue Notice of Intention to Appoint an Administrator which resulted in my appointment on 5 December 2011 In the meantime, on 4 November 2011 H M Revenue & Customs took distraint action against the Company at tts offices in respect of some £43,000 of unpaid PAYE The landlord also threatened enforcement action
Administrators' statement of proposals (2012-02-01) · Companies House register