21 residents will not be put out of home as a nursing and residential home in Dorset was placed into administration prior to going up for sale.
As a result of “historical occupancy rate and staffing issues”, The Old Rectory Nursing and Residential Home cites ‘cash flow difficulties’ as the reason for its troubles.
Julie Palmer and Simon Campbell of Begbies Traynor were appointed as joint administrators to the care home run by DAH Healthcare Limited, which entered administration in October, and will continue to trade the business while preparing for its sale.
Julie Palmer said: “We have worked hard to ensure there is no disruption to residents and that they continue to receive an excellent standard of care. We have also reassured relatives that their loves ones will be completely unaffected during this interim period.”
She guaranteed that there would be no job losses incurred from the business being placed into administration.
Palmer added: “We would also like to stress that despite past difficulties the business is fundamentally profitable and is now in a position to proper. As Administrators, we will now be trading the business forward with a view to a seamless sale in order to minimise disruption to residents and staff.”
It is expected that the home will become available for sale within the next three months.