A crisis in social care funding has led to a doubling in the number of care homes collapsing into administration.
Accountants Wilkins Kennedy claim the high number of companies going bust is due to the government's squeeze on social care, coupled with rising debts and high rents.
In total, 73 care companies entered administration over the year to the end of September - compared with 35 in the previous months.
This summer, care home group Southern Cross collapsed, alongside a number of smaller firms such as Southern Care Group, Winnie Care Group and Grosvenor Care.
Last week, Argus Care Group - which has 500 residents in Scotland - also went in administration.
Anthony Cork, a partner at Wilkins Kennedy, said: ''The care sector has gone through a long period of expansion during the boom years with many companies taking on large debts to fund growth.
''This worked fine as long as local government funding kept increasing, but with the recession and cutbacks that ensued, many care homes found themselves unable to service their debts.
''In a growing economy, they could have sold their property assets for redevelopment to reduce their debt levels, but this wasn't an option because there are no buyers in the current market.''
He added that many care home groups rushed to sell their properties and lease them back at ever-increasing rents.
On Monday, care home company Renaissance will triple in size as it completes a deal to take over four former Southern Cross properties.
Campaigns & Issues
National Horror Service
A COUNCIL leader condemned NHS chiefs of a scandal-hit hospital after she was rushed to A&E with suspected tuberculosis (TB) before being dumped in a filthy side room - for EIGHT HOURS. Councillor June Griffiths, who is chairman of Bromsgrove District Council, was taken to Alexandra Hospital in Redditch, Worcs., after coughing up blood at home.
She was taken by blue-lights to the A&E department after paramedics said she may have potentially fatal and highly contagious tuberculosis (TB).
WRVS becomes Royal Voluntary Service as it marks 75 years
1.3 million over 75s will need support in future to stay independent
Today, 75 years on from its founding as the Women’s Voluntary Services, WRVS is dropping the W from its name and relaunching as the Royal Voluntary Service with a pledge to help two million older people over the next 10 years.
The decision to change its name comes as the charity recognises the need to meet the demands of an ageing population and to be more visible to men as well as women. And fresh research reveals the scale of this need – 26 per cent of over 75 year olds say that they think they will need support in future in order to stay living independently in their own homes, with almost a third of men (29 per cent) stating that is the case.
Competitions & Fun
Win a set of fully restored Doctor Who DVDs
Directed by Gordon Flemyng and now fully restored, Dr. Who & The Daleks (1965) was the first big screen film adaptation of British TV's most iconic sci-fi hero, and was the first time Doctor Who was ever seen in colour!
British film legend Peter Cushing plays everyone's favourite Timelord, and having invented the TARDIS, a strange machine capable of travelling into other dimensions, the Doctor and his three young accomplices set forth on a quest through time and space.
Win a prize at home or away in this month's prize draw with Silver Travel Advisor!
Enter now and you could win a prize at home or away! How about a 7 night break for 2, with flights included, in beautiful Slovenia? Or a trip to London’s glitzy theatreland, staying in a 4* hotel? Both fabulous treats which must be won!
Silver Travel Advisor is a friendly website packed with advice, tips, information and honest reviews written by and for silver travellers (aged over 50). A team of advisors are on hand to answer queries (for free), and you can share your own experiences too.
Health & Wellbeing
Top tips to keep your older parents in their own home
Each year hundreds of thousands of people face the almost imponderable question: would my elderly parent be safer and better cared for if they moved into a care home?
There is no single right or wrong answer, because everyone’s situation differs. But the choices can be stark: the upset and expense of leaving one’s home against the reassurance of having care on hand 24/7. So – if they do wish to stay put - how can you best enable someone to retain their independence and remain in their own home? The advice website www.myageingparent.com has put together a step-by-step guide for any family facing this dilemma, written by a leading expert in the field of elderly care, Chris Moon-Willems, who founded ‘Relative Matters’ having worked with Social Services and the NHS for over 30 years.
Property & Finance
Tax credit claimants warned over scam emails
Tax credits claimants are being warned by HM Revenue & Customs (HMRC) in the run-up to the renewal deadline about scam or “phishing” emails sent out by fraudsters.
Tax credits claimants are being warned by HM Revenue & Customs (HMRC) in the run-up to the renewal deadline about scam or “phishing” emails sent out by fraudsters.The warning comes as HMRC has launched an advertising campaign to remind claimants to renew their tax credits or their payments might stop.
Leisure and Lifestyle
Discover a great country pub!
WHAT IS more relaxing than eating in a quintessentially English country pub this spring?
Sunday lunch, family day out, a quiet drink or a big celebration it can be a memorable occasion in a pub full of character. The smoking ban makes such a difference making a pub a perfect place for eating and some offer fabulous accommodation for overnight stays.
They can be a destination in themselves as they often reflect the local area, food and customs. Country Pubs are part of what make Britain great and have been an important part of British culture since Roman times.
Flying the flag for the best English beaches
Keep Britain Tidy names England’s 147 award-winning beaches for 2013
From Whitley Bay to Clacton, Margate to Torbay, England boasts some of the best and cleanest beaches in the world.
Today, Keep Britain Tidy is announcing the winners of the 2013 Blue Flag and Seaside Awards. In total 55 beaches have gained the Blue Flag and 113 have picked up the new Seaside Award (formerly Quality Coast Award).
Again no paper to beat Mature Times from day one of first publication all inside we need - thanks to all!