Saint George Investment Holdings Limited (07985277): administration
- Status
- Administration ended
- Administration began
- 2016-10-04
- Administrators
- Colin Peter Dempster, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Matta Care Group Limited; Phloubateer Limited
- Incorporated
- 2012-03-12
- Location
- Manchester
- Industry
- 86900 Other human health activities
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Rising costs / inflation
- HMRC / tax arrears
From the administrators' statement
The profitability and cash balances of the Group appears to have been tmpacted by the Group not responding appropriately to issues raised by the Care Quality Commission (‘CQC’), eg not making improvements after failings had been found in the provision of care tn at least one of the care homes, Sandy Banks, in 2015
Section 7 1 Introduction background and circumstances giving rise to the appointment
Several of the homes found themselves under local authority or CQC embargos due to failings found during inspections
Administrators' statement of proposals (2016-12-05) · Companies House register