Cooper Williamson handle Liverpool Home Care Pre-Pack of Alphacare Northwest

August 17, 2012 | By | Reply More

Alphacare Northwest a home care agency in Liverpool has been bought out of administration in a pre-pack arrangement which has also included the transfer of all staff to the new owners.

Alphacare North West founded in 2003 operate a 24 hour service which currently employs approximately 120 staff providing nursing, domiciliary and support services to a range of clients throughout the North West region. They offer support with meals and personal care to placing nurses in secure hospitals.

Alphacare has a range of expertise and experience that means they can cater for clients who require assistance with the activities of daily living to very complex packages of care, including challenging behaviours, in the community.

Administrators from Cooper Williamson in Wilmslow, Cheshire explained to Care Industry News that the care provider began suffering cash flow problems in 2009 when its turnover increased substantially along with its payroll.

“A contract awarded in 2009 resulted in an increase in the number of care staff which increased costs but resulted in reduced profit margins. In addition; public sector cuts in 2009 reduced Alphacare’s expenditure by approximately 24 per cent which resulted in a reduction in revenues of approximately £1m a year’

“The cost of recruitment was high and costs rose further in consequence to the government initiative to introduce a further 1.6 weeks holiday.

“This resulted in a decrease in demand from the private sector due to government cuts.”

A company voluntary arrangement was proposed and accepted by creditors in 2010 and, although it initially maintained its repayment commitments, it eventually fell behind in its post-CVA liabilities.

An undisclosed buyer has purchased the assets of the company and responsibility of staff.

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Category: Business Services for Care homes, Business Transfer, Care At Home, Carers, Health and Social Care, Home Care, Home Care News, Homecare News, Social Care

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