Two-storey Lancashire nursing home sold out of administration
Specialist business property adviser Christie & Co has sold Mapleford Nursing Home in Accrington, Lancashire, for an undisclosed sum.
Mapleford is a purpose-built nursing home facility spread out over two floors.
The business is registered for 54 residents, though there are currently 43 single bedrooms and five en suites as the accommodation has been reconfigured to provide additional communal facilities.
The property is located on Bolton Avenue in the Hyndburn borough of Lancashire, around four miles east of Blackburn, six miles west of Burnley, 13 miles east of Preston and 20 miles north of Manchester city centre.
Road links in the area are good, with the A56 and M65 less than one-mile distance.
Christie & Co was instructed by Kerry Bailey and Sarah Rayment of BDO, who acted as joint administrators of Pauls Care Services Limited and Mapleford (Nursing Home) Limited.
The business has been purchased by South London-based Krinvest Care Group.
Company spokesperson, Ms Joanne Robinson-Randall, said: “Orbital Care Services is a division of Krinvest Care Group, and this is the fifth home to join our care home cluster – we also have two mental health hospitals, two Montessori nurseries and supported living, and a further two hospitals opening soon in other divisions of Krinvest.
“The plans for Mapleford are to focus on occupancy to bring our profit margin back and then we will transition the service over accordingly using our ‘One best way’ practices which will see the services all running the same, and a revamp of Mapleford’s décor and gardens.
“We provide an excellent service of care and we are rated ‘Good’ with CQC (Care Quality Commission) across the company.”
Jonathan Wickens, director of healthcare at Christie & Co who handled the sale, said: “We are delighted to have worked with BDO on this transaction and wish Orbital Care Services every success in their new venture.
“The care sector has, once again, dominated a lot of political discussion over the last four months, but we are now starting to see some shoots of recovery with increased activity from potential buyers.”