Three Ashes Care Home Limited (08086625): administration
- Status
- Administration ended
- Administration began
- 2018-07-03
- Administrators
- Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- FRP Advisory
- Incorporated
- 2012-05-29
- Location
- London
- Industry
- 86102 Medical nursing home activities
Why it went into administration
- Creditor pressure / legal action
- Parent or group failure
- Regulatory change or action
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Brexit
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 The Company, together with Malvern View and Cheriton, traded as elderly residential care homes. All three companies are the wholly owned subsidiaries of the parent of the Group, Future Adult Care Limited (“the Parent”). Each subsidiary conducted its trading activities from the following freehold properties:
1. Malvern View - Cleeve Hill, Cheltenham GL52 3PW; 2. Cheriton —41 & 43-51 Westlecot Road, Swindon SN1 4EZ; and
3. Three Ashes - Three Ashes House, Ledbury Road, Newent, Gloucestershire, GL18
Administrators' statement of proposals (2018-09-06) · Companies House register