Holmwood Nursing Home Limited (05341566): administration
- Status
- Administration ended
- Administration began
- 2011-06-07
- Administrators
- Kirstie Jane Provan, Gary Paul Shankland
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2005-01-25
- Location
- London
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 25 January 2005 It operates Holmwood Nursing Home, a 46-bed care home for the elderly ("the Care Home") at 53 The Avenue, Tadworth, Surrey (‘the Property’), which is occupied under the terms of a 20 year lease granted in March 2005 The freehold ttle to the Property is owned by Holmcroft Propertes Limited (“Holmcroft’), a company controlled by the director of the Company, Mr Kibble
The Company has histoncally traded profitably and the Care Home has developed a strong reputation for standards of care and management. However, Holmcroft had defaulted on its borrowing terms with Barclays Bank pic (“the Bank’) which resulted tn the Bank appointing Mark Robert Fry and Kirstie Jane Provan both of Begbies Traynor (Central) LLP as Law of Property Act Recevers (‘the LPA Receivers’) of the Property on 17 May 2011
During June 2011 it was brought to the attention of the Bank and the LPA Receivers that HM Revenue & Customs had presented a winding up petition against the Company for unpaid Corporation Tax and PAYE / NIC of approximately £295,000 We understand that the Company was unable to defend the petition or settle the indebtedness
Administrators' statement of proposals (2011-07-26) · Companies House register