# Colbury Care Limited (08094647)

> Why UK company 08094647 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08094647

- **Status:** Administration ended
- **Administration began:** 2019-10-31
- **Administrators:** Danny Dartnaill, Sarah Megan Rayment
- **Administrators' firm:** BDO
- **Incorporated:** 2012-06-06
- **Location:** Liverpool
- **Industry:** 86102 Medical nursing home activities

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 6 June 2012. Following incorporation, the Company purchased the business and assets of Colbury Court that operated a care home from freehold premises in Calmore, Southampton. The purchase was funded by way of a loan facility with Barclays Bank ple (‘the Bank’) who also provided an overdraft facility. The Bank holds security against the freehold property, business and assets by way of a legal mortgage and debenture.

Following the purchase, the Company continued to operate the care home providing both residential and respite services to the elderly, individuals with dementia and physical disabilities.

The loan facility expired in February 2019 at which point, repayment of the remaining balance to the Bank became due in full. The loan was not repaid and the facility was not renewed or extended. Despite various conversations with the Bank concerning refinance options and/or the sale of the business as a going concern in order to facilitate a repayment, neither option was completed.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08094647/filing-history/MzI1Mzk4NzE2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08094647

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.