# Parrco Limited (07637099)

> Why UK company 07637099 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07637099

- **Status:** Administration ended
- **Administration began:** 2014-03-14
- **Administrators:** Jason Dean Greenhalgh, Paul Stanley
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2011-05-17
- **Location:** Southport
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 17 May 2011, and shortly thereafter acquired a partly constructed 66 bed care home site in Parr, St Helens The site included 6 substantially completed bungalows located adjacent to the care home The funding for the acquisition was provided by investors including further momes to fund the early building completion works

In order to provide further funding towards the build costs, the care home was pre sold by the Company to individual investors on a room by room basis, with the investors to receive the rent paid by the eventual operators The bungalows were sold to third parties

The building works were completed in mid 2013 and the care home is now fully operational under the control of a third party operator

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07637099/filing-history/MzA5OTkzMjM5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07637099

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.