Orchard Care Homes.Com (4) Limited (06881971): administration
- Status
- Administration ended
- Administration began
- 2018-05-15
- Administrators
- Kerry Bailey, Sarah Megan Rayment
- Administrators' firm
- BDO
- Formerly
- L&P 216 Limited
- Incorporated
- 2009-04-20
- Location
- Manchester
- Industry
- 87100 Residential nursing care facilities
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Companies were incorporated on 20 April 2009 and are 100% owned by Orchard Care Homes.com Limited (“OCHL”). OCHL was placed into Administration on 22 May 2018 with Sarah O’Toole and Daniel Smith, both of Grant Thornton UK LLP, appointed as Joint Administrators.
The Companies are ultimately controlled by Alchemy Special Opportunities Fund III LLP (“Alchemy”), which operates over 70 care homes across the UK as the Orchard Care Home Group. Other than the Companies and OCHL, the remainder of the Orchard Care Home Group is not in Administration.
The Companies operated four care homes (‘the Care Homes’) under formal leases with Hollyblue Healthcare (Haslingden) Limited, Hollyblue Healthcare (Chorley and Norton Lees) Limited and Hollyblue Healthcare (St. Georges) Limited (“the Landlords”). Each of the leases is for a term of 35 years and are due to expire in 2042.
Administrators' statement of proposals (2018-07-25) · Companies House register