Madeley Manor Care Home Limited (04616118): administration
- Status
- Administration ended
- Administration began
- 2015-06-09
- Administrators
- Edward Terence Kerr, Kerry Bailey
- Administrators' firm
- BDO
- Formerly
- Cramer Care Ltd
- Incorporated
- 2002-12-12
- Location
- Spinningfields
- Industry
- 87100 Residential nursing care facilities
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The company was incorporated on 14 February 2007 and traded as a nursing home following its acquisition of Madeley Manor Care Home on 5 February 2004
The company was funded by Bank of Iretand UX pic (“the Bank”) via a cross coltateralised loan along with two other companies under common control and management, being Doddlespool Care Home Limited and Brandreth Lodge Care Home Limited
Following a penod of poor trading performance, the company entered into a Company Voluntary Arrangement on 4 September 2013 The Company Voluntary Arrangement was terminated by the appointment of the Joint Administrators
Administrators' statement of proposals (2015-08-13) · Companies House register