Another 101 care homes declared insolvent in the last year

18 February 2019 – East Midlands Business Link

New data reveals that another 101 care homes were declared insolvent in 2018 as the sector continues to struggle with limited funding according to accountancy and business advisory firm BDO LLP.

Research by the Association of Directors of Adult Social Services reveals that local councils are planning social care budget cuts of £700m in 2018-19, despite an increasing demand for services.

Source

Ed. This is a worrying statistic, given the increasing demand for care homes.

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