Care In the Community Limited (SC197292): administration
- Status
- Administration ended
- Administration began
- 2016-05-04
- Administrators
- Francis Graham Newton, James Bernard Stephen
- Administrators' firm
- BDO
- Formerly
- Macrocom (560) Limited
- Incorporated
- 1999-06-17
- Location
- Glasgow
- Industry
- 86900 Other human health activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
a i _________
The Company was incorporated on 17 June 1999 and its principal activity was the operation of a care home at 1791 Royston Road, Glasgow G33. The Company also had a subsidiary Arran House (Nursing Home) Ltd which operated a care home at 1 Arran Drive, Airdrie, ML6 6NJ. We understand that the two companies had banking facilities with AIB Group (UK) plc consisting of a working capital facility of £950,000 and a term loan facility of £4,130,000. The term loan was repayable on 31 October 2015.
We understand that the Group had been attempting to restructure the businesses for a number of years with the support of AIB Group (UK) plc. AIB Group (UK) plc subsequently sold the debt and assigned the rights to the securities to Clipper Holding II S.a.r.l.
Administrators' statement of proposals (2016-06-20) · Companies House register