Securecare Group Ltd (07757058): administration
- Status
- Administration ended
- Administration began
- 2024-07-31
- Administrators
- Sean Williams, Richard Pinder
- Administrators' firm
- Leonard Curtis
- Formerly
- Securecare Leicester Ltd; N.I.S.E. Security & Facility Management Ltd
- Incorporated
- 2011-08-31
- Location
- Chesterfield
- Industry
- 80100 Private security activities
Why it went into administration
- HMRC / tax arrears
- Regulatory change or action
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 31 August 2011 with its principal trading activity being the provision of bed watch services for vulnerable patients to NHS trusts via a bank of trained staff.
Whilst the Company had been trading since 2011, the current director, Robert Stevenson, completed a management buyout (“MBO”) in June 2023. Mr Stevenson was previously the operations manager.
Following the MBO, the Company saw a reduction in its revenue which the director attributed to its main customer reducing their reliance on agency staff.
Administrators' statement of proposals (2024-09-26) · Companies House register