Care home insolvencies rose by 12% last year

Recent research suggests that the number of care homes going bust climbed by 12% last year.

Data from accountancy firm Wilkins Kennedy said that the number of care home insolvencies rose from 60 in 2011 to 67 in 2012.


Care homes face finance check

Care home owners will be forced to prove they are financially stable to avoid a second Southern Cross-style collapse, officials said. The Government is to implement a series of safeguards to prevent a repeat of the crisis.