Future Adult Care Limited (10693535): administration
- Status
- Administration ended
- Administration began
- 2018-07-03
- Administrators
- Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- FRP Advisory
- Formerly
- Colonial Care Homes Limited
- Incorporated
- 2017-03-28
- Location
- London
- Industry
- 87300 Residential care activities for the elderly and disabled
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- Funding withdrawn / unable to refinance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’s principal activity was a holding company on behalf of its three wholly owned subsidiaries, Malvern View, Cheriton and Three Ashes, which traded as elderly residential care homes. 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
Administrators' statement of proposals (2018-09-06) · Companies House register