0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

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

Updated: 25th April 2017

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

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.

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.

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.

“ While time was against us all along, the fact that all jobs have been secured and no residents will be inconvenienced by the sale is excellent news. ”
Dean Watson, Partner

In the Press

Future of Residents and Staff Secured as Care Home is Sold Out of Liquidation Future of Residents and Staff Secured as Care Home is Sold Out of Liquidation
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
Processing...
or Find your Nearest Office

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

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Desling with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
77
Number of UK Offices
30000
Directors Helped
70+
Licensed Insolvency Practitioners