Aadams Limited, trading as Llysfield Nursing Home, entered into administration on 28 August 2008. Beverley Marsh, Client Partner at Vantis Business Recovery Services (BRS), a division of Vantis, the UK accounting, tax and business advisory group, was appointed as the Administrator.
At the time of Vantis’ appointment, Llysfield Nursing Home of Oswestry, Shropshire, employed 36 staff to run its care home, with 19 nursing and residential clients. It was incurring monthly operating losses in the region of eight thousand pounds.
Beverley Marsh explained: "The home had been operating without a manager for some time, and this, combined with its financial difficulties and an adverse Care Quality Commission rating, meant that Shropshire Social Services were not placing residents there. Together with new management, we had the ban lifted on placing residents and addressed all the key issues identified by the Care Quality Commission report, moving the home’s rating from inadequate to adequate.”
Beverley Marsh was able to develop a robust strategy to continue trading the business during the administration. It was advertised for sale in the Financial Times 'Specialist care home magazine', attracting in excess of 33 expressions of interest, resulting in four offers.
The business was sold as a going concern on 22 December 2009, securing 46 jobs and ensuring that there was no disruption in care to the residents at the home.
Beverley Marsh concluded: "We should like to commemorate the staff for their support in turning the home around during a difficult time. Especially Sharon Dellow, who had only been appointed as Manager three days prior to the administration."