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Broadgate Healthcare Limited (05350910): administration

Status
Administration ended
Administration began
2012-04-27
Administrators
Mark Robert Fry, Kirstie Jane Provan
Administrators' firm
Begbies Traynor
Incorporated
2005-02-02
Location
London
Industry
8514

Why it went into administration

From the administrators' statement

The Company was incorporated on 2 February 2005 and operated from a care home known as Cilgwyn Manor Care Home (‘the Property’), located in south Wales

The Administrators understand that the Property was purchased by the Company in September 20085, shortly after which a fire and a flood occurred at the Property It transpired that the Company did not have adequate Insurance in place to recover the costs incurred in repairing the damaged caused This resulted in the director funding approximately 30 percent of the repair costs personally

Following the above repairs being carned out, the Administrators understand that the home may have traded for a penod of 6 months in 2008 However, as tt did not appear to be viable business the Company ceased to trade and was placed into administration in May 2009 J Burkinshaw of H R Hams & Partners was appointed Administrator on 8 May 2009 and the administration came to an automatic end on 8 May 2010 at which point the Company reverted back to the director

Administrators' statement of proposals (2012-06-20) · Companies House register

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Broadgate Healthcare Limited (05350910)

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