Compulsory liquidation · 13 June 2018
Three Valleys Healthcare
Main contractor · Chesham · South East England
What happened
THREE VALLEYS HEALTHCARE LIMITED (company number 06416319), incorporated in 2007, entered compulsory liquidation on 13 June 2018. Its status at Companies House is now: liquidation.
Why it failed
Disputes with the NHS Trust over the hospital PFI agreement reached an impasse and the Trust began steps to terminate; the directors concluded the company was no longer viable.
- Main reason: Legal claims
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
A court orders the company to be wound up, usually after a creditor petitions because it is owed money. The company's assets are sold and the proceeds shared among creditors.
Previously known as: BEALAW (885) LIMITED.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2016
Last accounts filed were made up to this date
18 months later
13 June 2018
Administration started
13 June 2018
Winding-up petition presented
9 months later
14 March 2019
Administration ended
15 March 2019
Winding-up order made by the court
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 13 June 2018
- £245k
- of which trade creditors £245k. a further £108.3m owed to its lenders. Expected return to unsecured creditors: uncertain
- Administrators' proposals
The last accounts filed were full accounts made up to 31 December 2016, 17 months before it failed.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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