A care home operator in Yorkshire (which runs 6 care homes) has suffered cash flow difficulties and has recently gone into administration after 9 years of trading.
This has thrown into doubt the future of 80 pensioners as well as having the potential to make 80 members of staff unemployed. Five of the workforce have already been made redundant.
This company will not be the last; many nursing homes are going bust or are coming under threat, particularly as banks look to reduce exposure to the sector.
However, there is no need to panic as investors are still active within the sector. Beer & Young are here to help and presently have one group already working through investment terms
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