Birchley Hall Limited (09426533): administration
- Status
- Administration ended
- Administration began
- 2019-10-29
- Administrators
- John Paul Sugden, Rob Sadler
- Administrators' firm
- Kroll
- Formerly
- MBI Birchley Hall Limited; MBI Number One Home Limited
- Incorporated
- 2015-02-06
- Location
- Northampton
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Regulatory change or action
From the administrators' statement
Birchiey Hall Limited, formerly MBI Number One Home Limited and MBI Birchley Hail Limited was formed and incorporated on 6 February 2015 by Gavin Lee Woodhouse. It was set up with the objective of raising funds from Clients and to then buy and refurbish an existing care home in Billinge, Lancashire. On incorporation, Mr. Woodhouse became the sole director of the Company and the owner of 100% of its shares.
Robin Scott Forster became a director of the Company on 1 May 2015 and was also issued some shares by Mr Woodhouse. The Company made its first unit sale on 12 August 2015 and over the course of the following period to 21 December 2015 a total of 28 units were sold.
Each client entering into a lease for a room received an Agreement for Lease with the Company, a Sub-lease between the client and MBI Social Care Birchley Hall Limited (as the nominated management company for the care home) and a Developer Call Back Option Deed. Under the terms of that documentation each client anticipated a 10% annual return on the acquisition price of the room and an eventuai buy back at 125% of the acquisition price after ten years. Each contractual payment was to be paid by the nominated management company, MBI Social Care Birchley Hall Limited, or the Company.
Administrators' statement of proposals (2019-12-17) · Companies House register