A Plymouth care home where rooms could cost up to nearly £1,000 a week has gone into liquidation after blaming the Covid pandemic and staff shortages for forcing its closure.
The Oasis Care Home, in Plymstock, closed in January 2022 and an online meeting of creditors was called on February 16 when it was decided to voluntarily liquidate the business.
Liquidators for Plymouth accountants Mark Holt & Co have now been appointed by creditors to close The Oasis Care Home Ltd.
Read more: Plymouth care home closed due to ‘intolerable pressures’ and lack of staff
Company bosses blamed “intolerable pressures” caused by the coronavirus pandemic and a lack of staff for the company’s demise, stressing they had “no choice” but to close.
The independent care home had 32 single rooms or suites. Prices advertised by the company ranged from £675 per week to £995 per week depending on care needs.
Directors said it had become “impossible to recruit or retain enough staff” to provide the appropriate level of care.
Financial and operational challenges facing the care sector were also cited as reasons why the care home could not continue.
The directors of Oasis – listed on Companies House as Steven Shirley and Tui Eliza Shirley – stressed they had done “everything we could to continue to run the house”, but it was not possible to do it.
A statement on social media said: “It is with the heaviest of hearts that the administrators first informed the employees, followed by the people who live at The Oasis and their loved ones and the relevant local authorities, who all took place on Jan. 4, 2022, with employees being the first to know.
A spokesperson for the care home explained that before Christmas 2021 the administrators consulted accountants and an independent insolvency firm, but decided to continue operating over the Christmas period.
Trustees stressed that “all avenues have been explored to continue or sell the home, but it is recognized that the future of thousands of independent care homes is in jeopardy due to many years of government policy affecting the care sector at both as service providers and as employers”.
A statement said: “The directors of The Oasis Care Home Ltd put the needs of residents and staff above their own for many years, until it was impossible to continue to do so.”
Unaudited financial statements filed at Companies House revealed that in the year to the end of October 2020 the company had retained earnings, a form of profit after payment of stock dividends, of £85,483 . This is a huge jump from the £2,861 in retained earnings recorded in 2019.
In 2020, the company had 36 employees. The house staff have now been made redundant.
The business also had a bank loan of £41,667. In October 2021, a mortgage with Lloyds Bank, taken out in 2013, was fully repaid.
Trustees said the decision to close had been ‘discussed over the past few years’ as the organization had struggled ‘like all small independent care homes’ with increasing regulation and bureaucracy compounded by the pandemic and a national crisis. personnel affecting health and social care services.
A statement said the owners prioritized the needs of staff and residents “at the expense of their own health and personal circumstances”.
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