Require Immediate Support? Free Director Helpline: 0800 644 6080

Real Business Rescue

Free Director Helpline: 0800 644 6080

Case Study: Future of Residents and Staff Secured as Care Home is Sold Out of Liquidation

Share:

Published:

Written by: Jonathan Munnery

Care home saved and 17 jobs secured following sale

Brown Edge House is a small, independent residential care home based in St. Helens. It houses the elderly and is registered with the Care Quality Commission for a maximum of twenty residents.

background curve

Take Our Free 60 Second Test

Get an instant understanding of your:

  • Debt and Asset Position
  • Formal Insolvency Options
  • Next steps

Plus much more ...

Start The 60 Second Test
apps on mobile screen

The Problem

Clarencare Limited, which traded as Brown Edge House, had amassed substantial tax arrears and after consistent non-payment, HMRC issued the company with a winding-up petition. This petition would have seen the care home forced out of business and closed down with immediate effect.

The Solution

Following advice from Real Business Rescue (part of the Begbies Traynor Group), the business and assets of Clarencare Limited were sold out of liquidation to Brown Edge House Limited in an attempt to safeguard the futures of 16 residents and 17 staff.

UK’s number one for director advice

We handle more corporate insolvency appointments than any other UK firm; demonstrating our commitment to helping directors and business owners in financial distress.
The team are available now -  0800 644 6080

The Result

The sale ensured that the care home remained open and its residents could continue living there without disruption. All 17 jobs were also saved. 

Dean Watson, partner at Real Business Rescue, said: “We only became involved after the petition had been filed; giving us very little time to find a sale and plan a future for the business before its bankers froze its account.

“Our initial attempts were to secure a company voluntary arrangement or place the company into administration, but given the tight timescale and the financial constraints placed on the business by the presence of the winding up petition, we were left with no alternative than to pursue a creditors’ voluntary liquidation and we were then able to sell the business out of liquidation.

reviews io logo

Real Business Rescue are here to help

Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.

  • UK’s Largest Liquidators
  • 100+ Offices Nationwide
  • 100% Confidential Advice
  • Supported 25,000+ Directors
Meet The Team
Team Of 4

Team of Qualified Experts

Trusted team of experts on hand to assist

Meet The Team
Rbr Accreditations Blue

Looking for immediate support?

Complete the below to get in touch

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY
10,000+ Tests Completed

Free 60 Second Test

For Ltd Company Directors

Get An Instant Understanding Of Your:

  • Debt and Asset Position
  • Director and Liability Review
  • Next Steps

Plus much more ...

Real Business Rescue Recommended
  • UK's leading business funders
  • Free Brokerage Service
  • Full Market Access
  • Over 30 years' experience
  • Strong relationships with HMRC
  • Support from start to finish
  • 10,000 potential buyers
  • 12,000+ Businesses Sold
  • 60+ Years Experience
Next Steps

We provide free confidential advice with absolutely no obligation.
Our expert and non-judgemental team are ready to assist directors and stakeholders today.