Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Welsh care home up for sale after falling into administration

Welsh care home up for sale after falling into administration

Mon, 07 Feb 2022 | COMMERCIAL PROPERTY



A care home in Gwynedd, Wales has been put up for sale after its operating company fell into administration last year. The Alexandra Nursing Home in Tywyn is a 25-bedroom site, which offers the potential to further extend its capacity.

The operating company behind The Alexandra Nursing Home fell into administration in September 2021, with joint administrators David Shambrook and Gary Hargreaves of FRP appointing Cornerstone Care Solutions to run the care home's operations.

After Cornerstone Care Solutions helped to deliver some stability to the business, it is now being offered for sale, with business property adviser Christie & Co engaged to bring the property to market.

The care home is up for sale on a freehold basis, including all of its fixtures, fittings and goodwill. The price is available upon application to Christie & Co. The property also comes with considerable scope for expansion, having had historic planning permission – now lapsed – for a further six bedrooms.

Despite the care home having fallen into administration amid widespread turbulence in the UK care sector, The Alexandra Nursing Home is described as having strong upside potential. According to research from Christie & Co, the Tywyn area has both a considerable lack of bed compliant spaces, along with an ageing local population, factors reflected in the home's historically strong profitability and occupancy levels.

Joint administrator David Shambrook of FRP said: “The appointment of Cornerstone Care Solutions has provided the stability and expertise the home required to ensure all residents continue to receive quality care. We believe this is now the right time to identify a long-term owner for the home.”

Christie & Co’s James Knight and Rob Kinsman, who are running the sale process, added: “The Alexandra Nursing Home represents a great opportunity for an experienced care operator to acquire an established nursing home with upside potential and will also appeal to new entrants to the market.”

“After a highly-publicised turbulent period in the care sector, occupancy levels at The Alexandra Nursing Home remain strong which has, no doubt, been helped by the experienced and dedicated staffing team at the home.”


One of the best ways to find properties below market price is to look at recent administrations.


Share this article



Latest Businesses for Sale

Domiciliary Care Agency
London, UK

Founded by the current director in 2013 the business has grown organically over the years with its key focus being the quality and continuity of care delivered. The business provides care on a short term, respite or long-term basis, from short visits...

Asking Price: Offers Invited
Turnover: £1,321,889

FREEHOLD


Provider of Weight Loss Surgeries and Non-Surgical Procedures
UK Wide

Highly specialist provider of weight loss surgeries the company boasts a team of highly qualified surgeons able to conduct a complete range of highly specialist surgical and non-surgical procedures. The company works directly with its clients giving...

Asking Price: Offers Invited
Turnover: £1,850,000

Provider of Independent Testing
UK Wide

Provides comprehensive testing services for major organisations in the pharmaceutical industry, specialising in solutions for products that require batch certification and stability testing. Operates from fully fitted leasehold premises based in the...

Asking Price: Offers Invited
Turnover: £3m - £4m

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
May
 

Fragrances retailer Bodycare exploring potential sale amid high street decline | BUSINESS SALE

High street fragrances retailer Bodycare has reportedly enga...

 
26
 
May
 

DCJ Group targeting more acquisitions after SM Commercial takeover | BUSINESS SALE

Insurance and risk management firm DCJ Group, a part of Glob...

 
25
 
May
 

Can pre-pack administrations still play a central part in restructuring UK businesses? | BUSINESS NEWS

Despite proving a popular option when it comes to business r...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.