Aberdeen-based Argus Care Group – which runs 12 nursing and residential homes – suffered from debt and cash flow problems.
Anne Buchanan, Bryan Jackson and Kerry Bailey have been named joint administrators. They have already moved to appoint two care home operators to help them run the home.
Jackson explained: “We will continue to operate the homes as normal while they are in administration. We will ensure that all residents, their relatives, and staff are kept fully informed of any developments as well as notifying the relevant local and regulatory authorities.
“We appreciate that these are not like any other businesses but are the homes of the residents and ensuring there is continuity of care is our priority.
“Unfortunately the group had debts and cash flow problems which were exacerbated by creditor pressures which led to the administration of the company.
“Whilst trading we will be seeking buyers for the business trading from the homes and will market them as going concerns.”
Over the past 15 years the group – which provides nursing, residential and respite care - has expanded from its Aberdeen base and opened homes across Scotland.
All staff and relatives have been informed. The administration of Argus Care Group involves five companies - Argus Care, Argus Care, Argus Care, Argus Properties and Doon Valley Healthcare.
In July, Darlington-based Southern Cross- which owned 752 care homes and cared for 31,000 residents – collapsed due to crippling debts.
By Andy Pearce