Brightstart Care Home Limited (06687040): administration
- Status
- Administration ended
- Administration began
- 2011-09-05
- Administrators
- Anne Clare O'Keefe, Graham Michael Wild, Simon Wilson
- Administrators' firm
- Wesson Associates
- Incorporated
- 2008-09-02
- Location
- Manchester
- Industry
- 7487
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
24 The Company was incorporated on 2 September 2008 and operates a seven bed 24 hour care home facility for people with acquired brain injuries. Given the nature of the bustness a Care Quality Commission (CQC) registration was required before trading could commence. Despite this being approved in August 2009 the Care Home did not recewe tts first resident until January 2010
22 The Care Home has never been fully occupied resulting in losses being incurred since the Company commenced trading In order to fund these losses the Company was reliant on profits made by other companies, including Brightstart Nurseries (Fylde) Limited (Nurseries) and Steve Barratt Properties Limited, which are related by common directors and shareholders.
23 During recent months Nurseries faced cash flow difficulties and was unable to support the Company any longer. This increased pressure on the Company’s cash flow, as without this support It was unable to generate sufficient funds to meet its abilities as and when they fell due
Administrators' statement of proposals (2011-10-17) · Companies House register