A Yorkshire care home group that employs 380 staff and houses 350 residents is desperately seeking a buyer after falling into administration.
Insolvency specialists from Deloitte have been appointed to Care Investments (UK) Ltd, Regents Investments Holdings Ltd, Care Property Investments Ltd, Sycamore Care Ltd and Prokwest Ltd.
Collectively the group owns and operates Cambron House in Rotherham, Dawood House in Doncaster, Morris Grange in Richmond, Sycamore House in Hull and Tancred Hall in York, according to regional news provider Insider Media.
Deloitte’s Daniel Smith and Adrian Berry are managing the case and have promised to ensure that quality of care to all residents is maintained while it looks to find a resolution.
Mr Smith said: “I am keen to stress that our approach will be one of business as usual, aiming to ensure operations at the care homes remain unchanged and unaffected. We will, to the extent possible, seek to invest in the portfolio during the period of administration trading in order to enhance levels of care and amenity.”
He added that the administrators would be conducting a “detailed review” of the business and will work closely alongside Careport and the key stakeholders to ensure that long-term financial viability is restored to the business.
“At the same time, we will work with the Care Quality Commission, local authorities, department of health and other regulatory and trade bodies to maintain the very highest standards of care,” he commented.