Operating Businesses on Behalf of Retiring Proprietors |
| If an owner has spent several hectic years operating their own Care Home and is now considering retirement, we can undertake to manage the business, wholly or partly, whilst the proprietor "takes a back seat" and still benefits from the business profitability. |
Managing Homes in Administration or Distress |
| On behalf of lenders, Care Home Management Limited can "step in" to fully manage businesses in administration. Alternatively, we can offer advice and practical management support when businesses are experiencing difficulties, either from financial or management problems or understanding and negotiating registration issues. |
Conducting Management Audits - Loss Mitigation |
| As in the case of a full management contract we will undertake a comprehensive view of a Home's performance. This will include an examination of the Home's records to ensure that it is complying with all duty of care and legislative requirements and that its staffing is of the correct calibre and in compliance with the staffing notices. We will also review care standards by undertaking dependency reviews. Financial performance and budgets will be assessed and recommendations offered. |
Accounting Services |
| Care Home Management Limited provides the specialist accounts support from their associate office in Ross-On-Wye. Detailed computerised monthly and year-end accounts are processed through the Accounts Office for all businesses under management, and analysis and variance are reported by Care Home Management Limited to clients. |
Advising on Local Authority Standards |
| Local authority and national statutory requirements are demanding, necessitate specialist knowledge of Home management and can also be a source of misunderstanding between proprietors and inspection teams. Care Home Management Limited managers have a wide experience of implementing regulations and have often acted as intermediaries in issues of conflict between local authority inspectors and Home owners. |
Consultancy, Viability Studies and Reports |
| We are often asked by Home owners to conduct detailed studies on particular aspects of the Care Home. Similarly, lenders frequently approach Care Home Management Limited with requests for close examinations of the future viability of businesses, and Care Home Management Limited will conduct studies and report accordingly. |
Due Diligence Reports |
| Care Home Management Limited will initially agree a scope of work schedule with prospective lenders requiring due diligence studies. Relevant information will then be detailed in a report within an agreed timescale. |
