Caremark Properties Limited (06551604): administration
- Status
- Administration ended
- Administration began
- 2012-05-29
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-04-01
- Location
- London
- Industry
- 8514
From the administrators' statement
The Company was incorporated as a joint venture vehicle between Jenmark Limited (“Jenmark”) and Healthcare Management Services Limited ("HMSL”)
The voting shares in the Company are held equally between Jenmark and HMSL and both Jenmark and HMSL have one nominated director on the Company's board of directors In addition, HMSL also hold ten non-voting shares
The Company acquired its only asset, namely the freehold land located at the North side of Red Lion Lane, Nash Mills, Hemel Hempstead, HP3 9TE (the "Land") on 1 April 2011 The consideration paid by the Company was £25 million and the purchase was funded by unsecured loans from Jenmark and HMSL The Company's tnittal strategy was to obtain planning permission to build a 64 bedroom care home Planning permission was subsequently granted and remains extant However, construction of the care home was never started by the Company and the land remains undeveloped
Administrators' statement of proposals (2012-07-26) · Companies House register