Ditchling Rural Care Limited (06123667): administration
- Status
- Administration ended
- Administration began
- 2013-02-20
- Administrators
- Gary Paul Shankland, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-02-22
- Location
- London
- Industry
- 8531
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 22 July 2007 The Company operated as a care home from the Property providing residential care and assistance to adults with learning difficulttes The home accommodated a maximum of six residential clients at any one time
In early 2011 and being mindful of the Company's financial position and !ow occupancy levels at the home, the Director sought advice and took the decision to seek to enter an agreement with the Company's creditors This process culminated in a Company Voluntary Arrangement (“CVA’) ratified by creditors on 25 March 2011 It was hoped that with nsing occupancy, the Company would be able to service the CVA from cash flow, as well as returning to operating profit going forward
The Company had histoncally struggled to achieve full occupancy, causing significant cash flow issues Residents were onginally placed by 2 local authorities, though in recent times, one local authority gave notice that it would be removing Its resident to altemative accommodation, followng a poor assessment of the home by the Care Quality Commission
Administrators' statement of proposals (2013-04-25) · Companies House register