Wed, 27 Oct 2010 | BUSINESS SALE
A question mark is hanging over the future of employees and residents at three care homes, after their operator went into administration.
Middlesex-based firm Charlton Care Homes, which owns three care homes in North Lincolnshire and four other sites across Leeds and Bristol, called in the administrators after low occupancy levels led to cash flow issues.
The North Lincolnshire care homes - The Willows at Barton-Upon-Humber and Cherry Tree and Warley Houses in Scunthorpe - employ 120 staff and have 90 current residents. The administration comes two years after Charlton bought the leases on the care homes from Lincolnshire-based Barton Medical Services.
KPMG has been appointed administrator and the firm is in talks with Birmingham-based care home management firm Healthcare Management Solutions to keep the sites in Scunthorpe and Barton trading as normal until a buyer is found.
Ian Corfield, joint administrator and KPMG restructuring director, said, “All the care homes will be trading as usual while we market the businesses for sale.
“The administrators will explore any form of sale that will maximise the return to creditors so we will look at expressions of interest for the full portfolio of homes or individual homes,” he added.
A number of expressions of interest have already been received by KPMG but further details have not yet been released.
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