Charcar PLC (07399857): administration
- Status
- Administration ended
- Administration began
- 2013-07-30
- Administrators
- Peter Kubik, Andrew Andronikou
- Administrators' firm
- Quantuma
- Formerly
- Chartwell Care PLC; Chartwell Care Limited
- Incorporated
- 2010-10-07
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Chartwell Care PLC (hereinafter referred to as “the Company”) was incorporated as Chartwell Care Limited on 7 October 2010 by the Directors David Wallman-Durrant and Stephen Francs Woolridge, but commenced trading in mid-2011 It changed its name to Chartwell Care plc (‘CC’) on 21 July 2011
The Company was formed by Sukhdev Mattu, Stephen Woolridge and David Wallman-Durrant who between them have experience in property rental, Housing Association sectors and the Care sector
The company is owned by Chartwell Health & Care plc (CH&C), who also own a small private hospital in Essex and an asset management company The two trading businesses Chartwell Care plc (CC) and Chartwell Private Hospitals ple (CPH) were both “turnaround” assignments where previously failed businesses were acquired A total of £15M of share capital was iryected by the shareholders, which was invested across the wider Chartwell Group Of that £50,000 of share capital was injected into Chartwell Care plc The balance was invested into the other companies
Administrators' statement of proposals (2013-09-26) · Companies House register