Date Published: 22nd April 2014
Following the appointment of Bob Maxwell and Julie Palmer as joint administrators of Dorchester Care LLP and its designated member Lyndale Healthcare Limited on 10 April 2014, buyers are being sought for three nursing homes.
Greenbushes Nursing Home on Weymouth Avenue in Dorchester, owned by Dorchester Care closed prior to the Joint Administrators appointment. The 42-bed nursing home is presently on the market for sale.
Avenue House Nursing Home and in Dorchester, owned by Dorchester Care, and Windsor Court Nursing Home in Bournemouth, owned by Lyndale, are both continuing to run as normal while the businesses are marketed.
Upon their appointment, the joint administrators immediately put in place a reputable care home operator with whom they have worked before, Goldcare Future Management Ltd, to manage Avenue House and Windsor Court on their behalf.
The 33-bed Avenue House residential care home has been operating for nine years and is located on Weymouth Avenue, close to Dorchester town centre. Established in 2002, Windsor House is located on Bodorgan Road, within a ten minute walk of Bournemouth town centre, and accommodates 59 residents.
“Our key concern is ensuring that the care homes continue to operate efficiently with the minimum of disruption to residents,” explains joint administrator Bob Maxwell. “For this reason, we have appointed a specialist healthcare management company whom we know well, and which has vast experience of managing care homes in administration, to oversee the smooth running of Avenue House and Windsor Court.
“We, together with Goldcare, are working closely with the relevant authorities to maintain stability and ensure the smooth-running of the care homes while buyers are sought for the businesses as a going concern. A buyer is also being sought for the Greenbushes property which previously operated as a nursing home ”
Avenue House employs 36 staff; no redundancies have been made. Windsor Court employs 38 staff; four redundancies were made prior to Lyndale Healthcare being placed in administration. Greenbushes is closed employing no staff.
Bob is the managing partner in our Leeds office. Prior to joining the firm, he was a partner at Deloitte and Kroll and he has nearly 20 years’ restructuring and recovery experience. Bob qualified as an ACA in 1990 and is a Licensed Insolvency Practitioner. He has led numerous cases, both domestic and international, incorporating turnaround assignments, financial restructuring and insolvencies.
Bob has experience across a broad range of industries including retail, manufacturing, distribution, construction, motor retailing and media. His clients include banks, Asset Based Lenders (ABLs), venture capitalists, pension scheme trustees, corporates and government.
He has undertaken two major secondments to assist UK clearing banks, advising them on developing turnaround strategies for their clients in financial difficulty.
More recently, Bob has been responsible for delivering a project with Clydesdale Bank aimed at tackling its distressed property portfolio. He led a team of 12 staff throughout the UK, working with the Bank staff to manage a portfolio of circa £800m of debt with over 1,000 properties. As part of this project, he formulated strategies to create consensual solutions between the customer and the bank as well as undertaking a significant number of LPA appointments in situations where enforcement action was required.