# Life Style Care (2011) PLC (07709694)

> Why UK company 07709694 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07709694

- **Status:** Administration ended
- **Administration began:** 2015-02-17
- **Administrators:** Robert James Harding, Nicholas Guy Edwards
- **Administrators' firm:** Deloitte
- **Incorporated:** 2011-07-19
- **Location:** London
- **Industry:** 86102 Medical nursing home activities

## Why it went into administration

- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The Company had underperformed against its forecasts, tn part due to a higher ongoing capital expenditure requirement than onginally envisaged following the acquisition of the care home operations in 2011 and the Closure of the Landmere Care Home in July 2013 As such, it had been unable to pay its full rent to Regency since mid-July 2013 (arrears as at the date of the Joint Administrators’ appointment of c £5m)

The Company was in discussions to agree a potential restructuring of its lease terms for in excess of a year, albeut this was ultumately unsuccessful.

On 28 October 2014, Fixed Charge Receivers (the “Receivers’) were appointed over the 23 care home properties owned by Regency by virtue of unpaid debt service payments to tts secured lender

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07709694/filing-history/MzEyMTQ4NTg0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07709694

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