The Financial Times reports that Four Seasons Health Care, the lossmaking care home operator, has closed or sold 51 homes for the elderly over the past eighteen months as it cuts costs ahead of a financial restructuring now planned for next year. Britain’s biggest care home operator, which runs 370 homes, plans to dispose of a similar number in 2017.
The Times reporter, Simon Neville looks at the ongoing communications void on store closure plans at retail giant Marks & Spencer announced some weeks ago, which is currently leaving staff uncertain about their future during the vital festive trading season. Our Business Risk Adviser, Nick Hood said: “It’s a heck of a way of demotivating tens of thousands of staff.”
Leading adult care sector media company, Care Management Matters reports on the research study published by Opus, which examines the parlous financial state of the UK residential care sector. The research is based on the database and methodology of the financial health monitoring specialists, Company Watch. Opus warns that 28% of care home operators are so financial fragile that they are at
The Financial Times reports on a research study published today by Opus Restructuring, which reveals the extent of the financial crisis enveloping the UK’s fragile residential care sector. The study, which utilises the database and methodology of the financial health monitoring specialists Company Watch, shows that 28% of care home operators are at risk of failure threatening the future of up to 6,000
We have today published a detailed report into the parlous financial state of the UK care home market. Our findings are based on research carried out using the database and methodology of the financial health monitoring specialists, Company Watch. In essence, 28% of care home operators (1,718 in all) are so financially vulnerable that they face the risk of insolvency.
Consultancy.uk reports on research by Opus & the financial health monitoring specialists, Company Watch which shows that even when pre-pack sales are included, only 30% of businesses put through the Administration process survive. “Nick Hood of Opus believes that a lot more troubled businesses could be rescued if they sought much earlier help from specialist advisers, allowing the business to leverage
