Insolvency News - Care Home Professional

Care home bosses diverted more than £500,000 of funds intended for residents

Business Care home groups Crime Operators by Lee Peart on March 31, 2020

Three care home bosses have been banned from operating after diverting more than £500,000 of funds intended for residents.

Former care home boss banned for four years for putting residents at risk

Business Compliance by Lee Peart on November 5, 2019

A care home director in Cambridgeshire has been banned for four years for breaching health and safety regulations and putting residents at risk.

More than 100 care homes went bust in 2018, accountancy firm reveals

Business Funding Research by Lee Peart on March 12, 2019

Consumers Feel The Pinch With Christmas Around The Corner

Another 101 care home operators went insolvent in 2018 as the sector continued to struggle with limited funding, accountancy and business advisory firm BDO LLP has revealed.

Many care homes face going bust, report says

Business Funding Legislation by Lee Peart on November 15, 2016

Research by accountancy firm Moore Stephens has warned that 12% of care homes have a least a 30% of going

New ‘moratorium’ proposals give breathing space to struggling businesses

Legislation by Andrew Seymour on May 27, 2016

Insolvency trade body R3 has welcomed the government’s announcement that it is proposing a three-month moratorium from creditor action for

Struggling businesses should be given ‘breathing space’ from creditors

Business by Andrew Seymour on April 28, 2016

Insolvency trade body R3 has proposed that struggling companies should be given up to six weeks free from creditor pressure to plan a recovery or rescue. The UK’s insolvency profession believes that the introduction of

Suppliers urged to check stability of customers before offering goods on credit

Business Finance Opinion by Rob Corder on January 5, 2016

Suppliers to the care home industry are among over 100,000 UK businesses owed money by customers who began insolvency procedures