Fri, 01 Jul 2011 | ADMINISTRATION
Two retirement village owners have been placed into administration. The freehold premises owned by Bluchie Ltd and Quintain No.15 Ltd are now being marketed for sale.
Richard Hawes and Robin Allen of Deloitte have been brought in as the joint administrators to the two businesses. A buyer is now being sought for Bluchie’s Crystal Fountain Retirement Village in Nailsworth, Gloucestershire, and Woodlands Court Retirement Village in Downend, Bristol, owned by Quintain No.15 Ltd.
The villages are still being operated by the administrators, who have made arrangements for the services to residents to continue. All 34 staff are currently still in their jobs.
The two retirement villages were both operated by the Care Village Group. Other villages operated by the company are not affected.
The businesses were hit by a spell of difficult trading due to the downturn in the housing market, which has meant that it has been difficult for people to sell their homes to move into retirement villages.
“There is a good deal of investor interest in this business,” Robin Allen said.
"Retirement villages are seen as a growth sector given the increasing age of the UK population and the expectation that the residential property market will recover.”
This Midlands used-car retailer based at a prominent, well-appointed site has grown a fabulous reputation and a loyal base of returning customers. It is now well-placed to develop additional services and grow revenue.
LEASEHOLD
Based in the North West, the company offers a vast array of water treatment services, including Legionella Risk Assessment, Water Tank Cleaning, Water Monitoring & Sampling, D&C, as well as plumbing remedial and servicing works.
Founded in the 2010s, the company is a leading Scotland-based specialist in industrial and commercial cleaning, boasting an experienced management team, strong financial performance, and an impressive client roster.
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
02
|
May
|
Vehicle recovery firm rescued with pre-pack sale | BUSINESS SALE
A vehicle recovery and maintenance business has been acquire...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
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.