Owner of 22 care homes across Yorkshire has entered administration. Mimosa Care Home Group provides support to over 1000 residents and employs 1,172 employees. It is not yet clear how many redundancies (if any) will be made.
Kerry Bailey and Sarah Rayment of BDO have been appointed joint administrators and are looking to sell the company as a going concern while ensuring the company continues to trade through licensed agents.
Bailey commented, “Regrettably, the difficult economic climate and reduced occupancy levels have significantly affected the company”.
If you are an employee and you’re concerned about how this may affect you, please see our video on employee rights in insolvency below. If you have any questions, BDO will be able to assist.