Interim administrators have been appointed for a care-at-home service based in Lochgelly.
Connected Care Services Ltd is registered to an address on the town’s Main Street, and has been since back in 2019.
But on May 12 a petition was presented at Dunfermline Sheriff Court by the company, requesting that licensed insolvency practitioners be appointed to the business.
The order was granted by Sheriff Thorley, and Simon Smith from Glasgow’s BTG Begbies Traynor was given the joint role along with his colleague Kevin Mapstone.
Administration is described by the UK Government as “providing ‘breathing space’ that frees a company from creditor enforcement actions, while financial restructuring plans are prepared to rescue the company as a going concern where possible.”
That could involve a sale to an unrelated party. A company can continue to trade whilst going through the process, but daily management and control passes from the directors to the appointed administrator.
The court asked any persons claiming an interest in the case of Connected Care Services LTD to lodge answers in the hands of the Sheriff Clerk on Carnegie Drive within 21 days.
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