Professional Care Services Limited (06323947): administration
- Status
- Administration ended
- Administration began
- 2015-06-12
- Administrators' firm
- MHA
- Incorporated
- 2007-07-25
- Location
- London
- Industry
- 86900 Other human health activities
Why it went into administration
- Management failings / irregularities
- Rising costs / inflation
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Regulatory change or action
From the administrators' statement
Professional Care Services Limited was formed in 2007 It originally had offices in Wembley, London and Grays, Essex The principal areas of business were then those of Healthcare recruitment, Training and Home Care Provision The Company's day to day running in the Essex office was conducted by the Registered Manager and Head of Operations
The company originally outsourced its payroll and invoicing to a company called Cash Simply ("CS") Initially things worked well as staff and taxes were paid and the difference came back for operational expenses In late 2008, complaints from clients were reported to the Company about CS Duplicated invoices, invoices with VAT added, credit control issues, invoices paid months before being demanded Suppliers lost faith in the Company The Company tried working through the issues but could not do this alone It was unknown what the Company owed and to whom and what had been paid
By 2009, the Company had to start contacting suppliers and attempting to do reconciliations in order to understand the ledger and instructed CS to stop issuing statements Their online portal was continuously incorrect and it almost ground the company to a halt The Company did several reconciliations with suppliers and it appeared that they were owed in excess of £250,000 Meetings and statements were demanded from CS but to no avail The Company terminated its contract with CS and a long legal battle ensued In the end, the Company’s legal advisors recommended that the matter was settled This resulted in a Consent Order requiring the Company to pay £90,000 in instalments of £1,875 00 per month This put a strain on cash flow
Administrators' statement of proposals (2015-08-06) · Companies House register