Sun Care Homes Limited (04990576): administration
- Status
- Administration ended
- Administration began
- 2018-07-24
- Administrators
- Matthew Ingram, Andrew Knowles
- Administrators' firm
- Kroll
- Incorporated
- 2003-12-10
- Location
- Birmingham
- Industry
- 87300 Residential care activities for the elderly and disabled
Why it went into administration
- Sustained trading losses
- Regulatory change or action
- HMRC / tax arrears
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Management failings / irregularities
- Property / lease costs
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1
The Company was incorporated on 10 December 2003 and the sole director as the date of incorporation was Mr Dilipkumar Pancholi.
The Company commenced trading soon after incorporation as the management company for five care homes, based at five separate leasehold sites. The freeholds to the properties are held by the Partnership
Administrators' statement of proposals (2018-09-19) · Companies House register