Josh Robbins reports for the International Business Times on the financial and operational crisis engulfing the social care system in the UK. Domiciliary care companies have cancelled contracts with nearly half of the UK’s councils because they were not being offered enough money to break even, according to the BBC. Its research also found that one in four home care providers
The BBC reports that home care firms have cancelled contracts with 95 UK councils, saying they cannot deliver services for the amount they are being paid, a BBC Panorama investigation has found. Some firms said they could not recruit or retain the staff they needed. The Local Government Association said it was the result of “historic under-funding” and an ageing
Tucked between glitzy shops on London’s upmarket King’s Road is one of Britain’s most expensive nursing homes. Opened last year by hotelier Laurence Geller, Chelsea Court is more like a private club than a care home. It contains just 15 luxurious suites costing from £2,000 to £3,000 per week for residents with dementia. Although other private nursing homes offer high-end
Our Business Risk Adviser, Nick Hood looks at the prospects for the UK and global insolvency markets in 2017 in an article for Corporate Rescue & Insolvency magazine: The beginning of every year brings a mix of hope and apprehension, but in the business world few can have started with so many geopolitical risks as 2017. The world is so
The long awaited and much feared revaluation of business premises for the calculation of business rates, last done in 2010 takes effect from 1st April 2017. It threatens to destroy thousands of small businesses in London and the South East as they see their rates bills soar by up to 300% over the next five years. The Federation of Small Businesses estimates that
The leading corporate financial health monitoring specialist, Company Watch has published its latest Newsletter. This showcases our joint research on two of the hottest topics in the business and lifestyle sectors. These are the worrying state of residential care home finances in the UK and the poor performance of the Administration procedure as a business rescue tool. Administration Outcomes In this
