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
The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...
Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...
This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...
Sign up to receive our acquisition alert emails to get your FREE guide
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