Blue Ocean Bidco 3 Limited (11610536): administration
- Status
- Administration ended
- Administration began
- 2021-09-08
- Administrators
- Gary Hargreaves, David Frederick Shambrook
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-10-08
- Location
- London
- Industry
- 87100 Residential nursing care facilities
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
- Parent or group failure
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Group was founded in 2018 and is comprised of five companies, four of which were operating care homes trading in England and Wales, providing residential care services to a mixture of private and public funded residents. An abridged structure chart is provided at Appendix F.
Midco
Midco was incorporated on 11 July 2018 and operated as the head office function for the Group and is the sole shareholder of YBC, BOB3, BOB4 and BOBL.
Administrators' statement of proposals (2021-11-03) · Companies House register