Property Alternative Holdings Ltd (12937293): administration
- Status
- In administration
- Administration began
- 2022-08-17
- Administrators
- Kevin Ashley Goldfarb, Stephen Hunt
- Administrators' firm
- Grant Thornton
- Incorporated
- 2020-10-08
- Location
- Northampton
- Industry
- 87100 Residential nursing care facilities
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 8 October 2020 with its nature of business being listed at Companies House as ‘Residential nursing care facilities’ and its registered office at St. James House, 28 Park Place, Leeds, England, LS1 2SP.
The Company was set up as a head property holding company, holding 100% shareholdings in 13 subsidiary companies, with those subsidiaries acting as property holding companies for individual operational or proposed care homes. The Company’s subsidiaries acquired the care homes from the Administrations of connected companies Qualia Care Developments Limited (“QCD”) and Qualia Care Properties Limited (“QCP”). QCP and QCD were under the common control and ownership of Robin Scott Forster, wno was also the 100% shareholder and former director of the Company.
4.3
Administrators' statement of proposals (2022-10-21) · Companies House register