Elli Finance (UK) PLC (08094161): administration
- Status
- Administration ended
- Administration began
- 2019-04-30
- Administrators
- Mark Granville Firmin, Richard Dixon Fleming, Richard James Beard
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2012-06-06
- Location
- Brighton
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
- Rising costs / inflation
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- Regulatory change or action
From the administrators' statement
EFUK’s principal activity is that of a holding company to provide finance to Group companies. The Company has no employees and its main assets are its interests in underlying companies in the Group, including a 100% shareholding in another holding company. Fino Seniorco Limited and its interest in certain inter-company receivable balances. Below Fino Seniorco Limited are the majority of the trading operations of the Group, with the remainder being subsidiaries of EIL.
The Group is the second largest independent care home and specialist care home provider in the UK, with approximately 22,000 employees and 16,000 effective beds. It deals with 180 local authorities and 150 NHS Commissioners. The Group is based at Norcliffe House, Station Road, Wilmslow, SK9 1BU, the registered office of the Company prior to the appointment of the Joint Administrators.
The Group has three operating divisions (Four Seasons, brighterkind and The Huntercombe Group) which together offer a comprehensive range of care services across the UK. A number of homes in the brighterkind division are owned by entities outside of the Group but which have the same ultimate shareholder.
Administrators' statement of proposals (2019-07-05) · Companies House register