Downton Homecare Ltd (07873053): administration
- Status
- Administration ended
- Administration began
- 2014-10-02
- Administrators
- Michael Stephen Elliot Solomons, Andrew James Pear
- Administrators' firm
- BM Advisory
- Incorporated
- 2011-12-06
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Management failings / irregularities
From the administrators' statement
The Company was incorporated as a holding company in December 2011 and its only assets were two wholly owned investments, being St Vincent’s Homecare Ltd (‘SVHL”) and Avida Care Ltd (“ACL”) SVHL was not trading and a petition to wind tt up was presented by HMRC on 27 August 2014 and is due to be heard on 20 October 2014. ACL provides a unique range of premium care and lifestyle support services
We were advised that there has been some discourse amongst the shareholders and directors for a substantial period of time. On or around July 2014, it came to light that funds that related to the purchase of ACL were not held on trust as had been thought and the directors considered that further investigation was required to determine if funds had been misappropriated In light of further information and under increasing pressure from tts creditors, the directors reported the matter to the police and resolved that the business should be
Restructuring and insolvency services are provided through BM Advisory LLP and our partners are licensed in the United Kingdom to act as insolvency practitioners
Administrators' statement of proposals (2014-11-05) · Companies House register