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Insolvent nursing home fails to find buyer 9 January 2014

A Plymouth nursing home that has been in receivership since November 2012 is facing closure after failing to secure a buyer.

Fanshawe Nursing Home has been unable to find a buyer despite the efforts of official receivers Simon Haskew and Neil Vinnicombe of Begbies Traynor.

On-going losses now mean the business is without any alternative but to close.

The closure of Fanshawe Nursing Home has seen its 31 staff have been made redundant and the 21 residents of the home will now be relocated.

Haskew, partner at Begbies Traynor, said: “Due to continued losses, the only decision we’re able to make, very reluctantly, is to close the home. We understand this will give rise to much anxiety amongst residents and their relatives.

“With that at the forefront of our minds, we will work with Plymouth City Council to ensure that the health and safety needs of the residents remain paramount whilst action is taken to find appropriate alternative accommodation.”

Announcement of the closure was made to staff, residents and their relatives on Monday, January 6.

The receivers confirmed that Plymouth City Council and the Care Quality Commission have also been informed.

The property is due to go to auction in the spring if not sold with vacant possession beforehand.

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