BDO LLP business restructuring partners, Kim Rayment, Kerry Bailey and Matthew Tait, were appointed Joint Administrators over Elder Homes Midlands Limited and Elder Homes Cotgrave Limited on 13 August 2015.
Millington Springs was in the process of closure before the appointment of the Joint Administrators, who will continue to work on identifying suitable accommodation for the small number of remaining residents. The Joint Administrators will continue to trade the other Companies via experienced, licensed agents while a suitable purchaser or purchasers are sought. There are no planned staff redundancies at either Eton Park or Argyll Assisted Living Centre; they will remain open, and will continue to operate as normal.
Eton Park and Argyll Assisted Living Centre employ 59 staff collectively, there are no plans to make any redundancies at either facility at this time. The closure of Millington Springs means that the 36 staff there are at risk of redundancy.
Kim Rayment, BDO business restructuring partner said:
“Regrettably, poor trading and reduced occupancy levels have significantly affected both Elder Homes Midlands Limited and Elder Homes Cotgrave Limited which led to the appointment of the Joint Administrators.
“Our first and main priority as Joint Administrators is to ensure continuity of care and provision for residents. We are working hand in hand with professional care operators to ensure this remains the case and that residents experience minimal disruption and worry.
“Millington Springs Care Centre commenced a closure process prior to the appointment of the Joint Administrators. However, our priorities remain the same; to ensure residents transition smoothly with minimal disruption.
“We are hopeful that we will secure a sale of the remaining business as a going concern. We will also be liaising regularly with residents and relatives, including the Care Quality Commission, to ensure they are kept fully updated.”