Qualia Care Holdings Limited (10485531): administration
- Status
- Administration ended
- Administration began
- 2023-12-22
- Formerly
- Qualia Care Solutions Limited; Lupfaw 436 Limited
- Incorporated
- 2016-11-18
- Location
- 94a Wycliffe Road
- Industry
- 87100 Residential nursing care facilities
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Regulatory change or action
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 18 November 2016 and according to Companies House carried on the business of operating and providing residential nursing facilities.
| had previously been appointed on a number of connected companies, Qualia Care Developments Ltd (“QCD”), Qualia Care Properties Ltd (“QCP”), Property Alternative Holdings Limited (“PAH”), and Qualia Care Ltd (“QCL’).
QCD and QCP’s business model was to use investor monies to acquire the freeholds of care homes. Investors would be given long (usually 125 year) leases of a room in acare home which had either already been acquired or would be acquired with investor funds. The investors would then lease it back to the freehold owner on a shorter lease at an annual rent of between 8-12% of the amount invested. QCD/ QCP then entered into an operating agreement with QCL, which was and remains an operator of care homes. The model is sometimes known as a fractional ownership scheme or a room investment scheme.
Administrators' statement of proposals (2024-02-20) · Companies House register