Netcare Vocation Health Services Limited (05975591): administration
- Status
- Administration ended
- Administration began
- 2012-01-17
- Administrators' firm
- Mazars
- Formerly
- Care 4U Limited
- Incorporated
- 2006-10-23
- Location
- Nottingham
- Industry
- 86210 General medical practice activities
Why it went into administration
- Property / lease costs
- Competition / price pressure
- HMRC / tax arrears
From the administrators' statement
The company was incorporated in October 2006 to carry out the busmess of providing a range of primary care and other services to local NHS patients from various locations within the Nottingham area
In March 2008, the Company entered into a Joint Venture Shareholders Agreement with Netcare Healthcare UK Limited (“NHUK”) and Vocation Health Services Limited (“Vocation”) NHUK 1s part of the General Healthcare Group which 1s leading provider of independent healthcare services in the UK Vocation comprises 5 doctors, being a mix of General Practitioners and Consultants Each jot venture partner holds 50 ordinary shares and each initially provided a shareholder loan of approximately £500,000 each
In May 2008 the Company provided BMI Healthcare Limited (“BMI”) (also part of the General Healthcare Group) with a Management Agreement which commenced on | August 2008, to provide non-clinical services (managerial, finance, IT and HR) The agreed management fee charged by BMI was set at £250,000 per annum
Administrators' statement of proposals (2012-03-13) · Companies House register