Mon, 02 Jul 2012 | ADMINISTRATION
Daymark Properties Ltd, the firm behind the Amber Wood Care Home in Cheltenham, has been placed into administration.
The news of its failure closely follows Camelot Healthcare’s fall into administration, another failed Cheltenham-based care home operator.
The Amber Wood Care Home operates 66 beds for people with dementia and had only opened in October 2010 – less than two years ago. It features a sensory garden, outdoor dining space and a 16-seat cinema.
The identity of the administrator has not yet been confirmed. It is expected that the care home will be sold as a going concern, though the staff’s positions will hang in the balance.
Bron Williams, adult care services manager told This is Gloucestershire, “Over the forthcoming weeks, we will be working together with the appointed administrators to ensure services continue and residents, relatives and staff are kept informed of all changes.”
Daymark Properties’ accounts are about nine months overdue according to Companies House.
A review was conducted at the care home in November last year, and concluded that the business should hasten to make improvements.
Ian Biggs, South West director for CQC commented on the situation in November, “We are very concerned about how people’s care needs are being met.”
“This warning sends a clear and public message that Amber Wood needs to address this issue as a matter of urgency or face serious consequences.”
This is a unique opportunity to acquire a specialist manufacturer, retailer, and wholesaler of soft home furnishings with a nationwide reach, based in the East Midlands.
This well-established children's day nursery, with a capacity for over 120 places, boasts a superb reputation and has been running successfully for over 20 years under staff management.
This established children's day nursery in Lincolnshire offers a prominent location and is registered for 66 children with an impressive 95% occupancy rate.
25
|
Jun
|
Commercial law firm targeting acquisitive growth with PE backing | BUSINESS NEWS
A Birmingham-headquartered commercial law firm is set to tar...
24
|
Jun
|
Liquidators seeking buyers for assets and IP of Oxford medtech firm | ADMINISTRATION
Liquidators appointed to a collapsed medical technology (med...
24
|
Jun
|
Legacy insurer acquired by Marco Capital | BUSINESS SALE
Marco Capital Holdings Limited has acquired UK-based legacy ...
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.