M & S Care Limited (07048872): administration
- Status
- Administration ended
- Administration began
- 2022-09-29
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2009-10-19
- Location
- Sutton
- Industry
- 86900 Other human health activities
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided by the directors of the Company and not from our personal knowledge as Joint Administrators.
The Company was formed on 19 October 2009 and had started trading shortly thereafter. The Company’s business was that of a residential care home. The Company was part of the Churchlake Care group of companies which operates care and nursing homes cross the UK (“the Group”). The Company was initially funded by loans from the Group. The Company operated and owned the freehold at Seven Gables, York Lane, Totland Bay, Isle of Wight, PO39 OER (“the Property”). The Property is subject to a mortgage and fixed and floating charge, in favour of Ortus Secured Finance Limited (“Ortus”).
The care home has 35 beds, comprising 19 single rooms and 3 shared rooms. Fees were circa £950 per week. Prior to Covid the care home had a high level of occupancy. The home had suffered significantly during the Covid pandemic with the loss of many residents due to Covid related deaths. The Company had also suffered from high levels of staff absences during Covid and, due to the required staffing levels, had to utilise agency staff at significant cost compared to employed staff. The situation was exacerbated by the fact that the Isle of Wight Council (“IOW Council”) had not been placing new residents with the home, meaning that occupancy levels have remained low.
Administrators' statement of proposals (2022-12-02) · Companies House register