Home Helpers Care Limited (04792007): administration
- Status
- Administration ended
- Administration began
- 2017-08-15
- Incorporated
- 2003-06-09
- Location
- Team Valley
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Sustained trading losses
- Competition / price pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The history of the Company has been provided to us by the director of the Company. Verification of this information has not been carried out by the Administrators.
Home Helpers Care Limited (“the Company”) was incorporated in June 2003 to provide domiciliary care in the Oxfordshire and West Berkshire areas.
The Company joined the Oxfordshire county council approved provider list (“APL”) and the business steadily grew until 2011. At this stage the councils introduced a tender for fixed price contracts to care establishments to include all expenses and weekend work which had previously incurred an additional charge. This resulted in reduced revenue for the Company and with this reduction the previous owners decided to sell the business.
Administrators' statement of proposals (2017-10-18) · Companies House register