Tipton Home Care Limited (08074765): administration
- Status
- Administration ended
- Administration began
- 2018-12-21
- Administrators
- Paul David Masters, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Formerly
- Willowshine Limited
- Incorporated
- 2012-05-18
- Location
- Birmingham
- Industry
- 88990 Other social work activities without accommodation n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was a domiciliary care agency, providing care to younger and older adults living in their own homes who may have a learning disability, physical disability, sensory disability or dementia. The Company traded from leasehold premises at 5 Venture Business Park, Bloomfield Road, Tipton DY4 9ET, and employed 99 members of staff prior to the Joint Administrators’ appointment.
More recently, the Company was funded by way of an invoicing discounting facility with HH Cashflow Finance Ltd (‘HH Cashflow’), which holds security over the Company by way of a debenture, incorporating fixed and floating charges over all assets, which was created on 22 March 2018 and delivered on 28 March 2018.
The Company had traded well since incorporation and benefitted from key relationships with two local authorities, namely Dudley Metropolitan Borough Council (‘Dudley MBC’) and Sandwell Metropolitan Borough Council (‘Sandwell MBC’).
Administrators' statement of proposals (2019-01-21) · Companies House register