Administrators from The P&A Partnership have been called in to a Lancashire care provider after increasing legislation and intense competition brought an end to the business, with the loss of more than 150 jobs.
Abacus Care Home Care and Nursing Services (Ormskirk) Limited supplied qualified nurses and health care assistants to care homes, hospitals, and secure units as well as providing palliative care and specialist care, and personal and domestic care to clients within their own homes.
A sister company, Abacus Care (Home Care and Nursing Services) Limited, also offered franchises providing care services around the UK.
Despite two decades of success, the owners have now had to close both businesses and Chris White and Gareth Rusling of The P&A Partnership were appointed Joint Administrators on 24 April.
All 152 staff across both companies have been made redundant.
Chris White said: “Abacus Care Home Care and Nursing Services (Ormskirk) Limited has provided a valuable service across the North West, and across the UK, for a number of years but has fallen victim to growing health care legislation alongside rising competition.
“These factors have made the business unviable, forcing the owners to make the difficult decision to shut down the company.”
The P&A Partnership is a leading specialist business turnaround and insolvency firm with offices across the UK, including London. Its support for business includes restructuring, finance broking, debt collection and selling assets.