Sequel Healthcare Limited (06571019): administration and why it failed

Sequel Healthcare Limited (06571019): administration

Status: Administration ended
Administration began: 2012-10-23
Administrators' firm: Begbies Traynor
Formerly: Kairos Health Ltd
Incorporated: 2008-04-21
Location: Manchester
Industry: 86210 General medical practice activities

Why it went into administration

Cash flow / liquidity pressure

From the administrators' statement

The Company was formed in Apnl 2008

The purpose of the Company was to own and manage a specialist property suitable for medical facilities based in Culcheth, Warmington

The Company purchased the property in May 2010

Administrators' statement of proposals (2012-12-27) · Companies House register

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Sequel Healthcare Limited (06571019): administration

Why it went into administration

From the administrators' statement

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Sequel Healthcare Limited (06571019)