Simply Together Limited (04713132): administration
- Status
- Administration ended
- Administration began
- 2017-08-07
- Administrators' firm
- Quantuma
- Formerly
- Simply Together (Community Care) Limited; Simply Together Community Care Limited; Dove Homecare Limited; A B M Homecare (UK) Limited
- Incorporated
- 2003-03-26
- Location
- Norwich
- Industry
- 87300 Residential care activities for the elderly and disabled
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
3.1 As detailed in Section 2, the business had been struggling as a result of a number of onerous finance and lease agreements it had entered into in in order to grow the business. The agreements constrained cash flows and led to the business being unable to meets its financial obligations as they fell due.
3.2. In early July 2017, the director met with Quantuma LLP in order to obtain advice on his position and to consider the available options. Subsequently on 10 July 2017, the Company instructed Quantuma LLP to assist with placing the Company into Administration and to explore whether or not it would be possible to undertake a prepackaged sale of the business and/or assets.
3.3 On 17 July 2017, the director swore a NOI which was filed at the High Court of Justice. This was served also served on Nucleus in their capacity as QFCH.
Administrators' statement of proposals (2017-10-13) · Companies House register