Wed, 28 Sep 2016 | ADMINISTRATION
Hundreds of jobs are at risk after the operators of four care homes in Northern Ireland have gone into administration.
Care Circle Ltd and Slemish Homes, which operates three homes in Co Antrim and manages a fourth in Cookstown, has appointed Peter Allen as an administrator from Deloitte.
The companies, part of the larger Care Circle Group company, employs 310 permanent staff in its four homes and can cater for 230 people.
In total, the Care Circle Group operates 12 care facilities across Northern Ireland and employs more than 800 people, making it the largest independently owned care home operator.
One of the care homes - the Kingsway home in Dunmurry - was in the papers last year after it was accused of neglecting its residents. However, inspections by the Regulation and Quality Improvement found the home had improved its practices.
In a statement, Mr Allen said that the businesses would continue to trade despite being in administration, to enable the same standard of care is provided to current residents, and that no job losses were currently planned.
“All necessary steps have been taken to ensure the existing level of care remains in place at the homes.
"We are operating closely with the regulator and the trusts, and we will be meeting residents and their families to explain the purpose of the administration and to provide comfort that there will be no material difference in how the homes operate,” he said.
The latest publicly available accounts dating back to 2014 showed that Care Circle Ltd made a profit of £1.2 million, which followed losses of more than £70,000 the previous year.
Find care businesses in administration here.
Care homes for sale here
Opportunity to acquire a well-established dental practice in a prime North West London location, ideal for expanding your portfolio or stepping into practice ownership.
Don't miss the chance to acquire a thriving dental practice located in the bustling West Midlands area, poised for continued growth and success.
A longstanding and successful DIY store which has established itself as one of the region’s preferred providers. Available on a freehold basis, the company operates from an impressive 25,000 sqft retail property and holds an impressive reputation acr...
21
|
Apr
|
Sybron undergoes management buyout | MBO/MBI
Sybron, a supplier of cleaning, hygiene and catering product...
21
|
Apr
|
Construction group Gilbert-Ash moves to employee ownership | BUSINESS SALE
Construction and fit-out company Gilbert-Ash has transitione...
21
|
Apr
|
Cargostore Worldwide makes its first ever acquisition in 30-year history | BUSINESS SALE
Cargostore Worldwide, a leading global supplier of DNV and I...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.