Purbeck Care Limited (05211557): administration
- Status
- Administration ended
- Administration began
- 2014-07-15
- Administrators
- Duncan Kenric Swift, Jeremy Mark Willmont
- Administrators' firm
- BDO
- Formerly
- Purbeck Residential Care Limited
- Incorporated
- 2004-08-20
- Location
- Southampton
- Industry
- 86900 Other human health activities
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 20 August 2004 as Purbeck Residential Care Limited and changed its name to Purbeck Care Limited on 13 September 2004 In 2006 the Company purchased the business of an existing specialist residential home for residents with special needs at Binnegar Hall, East Stoke, Wareham, Dorset (the “Home”) and began trading as Purbeck Care
Initial funding was provided by mortgage loans from with the Royal Bank of Scotland (“the Bank”) secured by debenture granting a fixed and floating charge dated 14 November 2005 and a legal charge dated 1 December 2005
The Home provided long term residential care for adults with educational needs and initially eryoyed a successful pertod of trading and achieved profits after tax of £158,095, £231,455 and £582,836 for the years ended 30 November 2009,2010 and 2011 respectively The Home also expanded residential capacity with an on site development of 4 bungalows providing semi independent living accommodation for 8 residents In addition further developments of up to 30 residential units were planned
Administrators' statement of proposals (2014-09-10) · Companies House register