Portfolio of 8 Residential Care Homes

Moorfields were appointed as Administrators over a portfolio of eight care homes located in Nottingham, with a combined asset value of approximately £12 million.

The care homes provided essential residential and nursing services to the local community but faced significant financial pressures due to operational inefficiencies and unsustainable debt levels. Moorfields were appointed to stabilise operations, safeguard resident welfare, and protect the value of the underlying business and assets.

Objectives

• Ensure continuity of care for residents and maintain staffing levels during administration
• Stabilise short-term operations to safeguard the value of the business
• Implement robust financial and management controls across all homes
• Maximise recoveries for creditors through a going concern sale
• Preserve goodwill and reputation in a sensitive and highly regulated sector

Moorfields’ Actions

• Undertook short-term trading to maintain day-to-day operations and resident care standards
• Engaged specialist healthcare asset managers to oversee compliance, staffing, and regulatory obligations
• Introduced financial oversight and cashflow monitoring to ensure operational stability and sustainability
• Conducted a targeted marketing campaign to attract purchasers with sector expertise
• Negotiated with interested parties to achieve the best possible outcome for stakeholders, residents, and creditors

Results

• The care homes continued to trade smoothly, ensuring uninterrupted resident care and staff retention
• Regulatory compliance and service standards were maintained throughout the process
• The business and assets were successfully marketed, leading to a going concern sale that maximised realisations
• Creditors benefited from improved recoveries while continuity of care for residents was preserved