Aadams Limited/Llysfield Nursing Home
Aadams Limited, trading as Llysfield Nursing Home, entered into administration on 28 August 2008, with the appointment of Joint Administrators, including Chris Stevens of FRP Advisory LLP.
At the time of FRP Advisory’s appointment, Llysfield Nursing Home of Oswestry, Shropshire, employed 36 staff to run its care home, with 19 nursing and residential clients.
The home, which had been operating without a manager for some time, was incurring high monthly operating losses. This, combined with its financial difficulties and an adverse Care Quality Commission rating, meant that Shropshire Social Services was not placing residents there.
Having addressed all the key issues identified by the Care Quality Commission report, the Joint Administrators, together with new management, were able to move the home's rating from inadequate to adequate, thereby lifting the ban on placing residents.
The Joint Administrators were then able to develop a robust strategy to continue trading the business during the administration, whilst advertising the care home for sale. This attracted in excess of 33 expressions of interest, resulting in four offers.
The business was subsequently sold as a going concern, securing 46 jobs and ensuring that there was no disruption in care to the residents at the home.
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