# Netcare Vocation Health Services Limited (05975591)

> Why UK company 05975591 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05975591

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05975591/filing-history/MzA1NDAxNzM0MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05975591

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.