A 31-bed nursing and residential home in Dorset has been placed into administration ahead of going up for sale.
Begbies Traynor, have been appointed joint administrators for The Old Rectory Nursing and Residential Home, run by DAH Healthcare, in Langton Matravers, near Swanage.
The care home, whose 21 residents have not been affected by the situation, puts its woes down to cash flow difficulties resulting from historical occupancy rate and staffing issues. However, the business is continuing to trade, thanks to a range of stabilisation measures taken by the administrators to ensure its viability in the medium term.
Julie Palmer, of Begbies Traynor 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 loved ones will be completely unaffected during this interim period.
“We would also like to stress that despite past difficulties the business is fundamentally profitable and is now in a position to prosper. 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.”
She added that there would be no job losses and the business is expected to become available for sale within the next three months.