28-bed care home in Blackpool & 58-bed care home in Preston
Property Overview
- Two operational care homes in the North West
- 28-bedroom facility in Blackpool
- 58-bedroom facility in Preston
- Combined offering of over 85 beds
- Care homes remained operational where needed throughout
Project Summary
We were appointed by Cowgills, acting as administrator, to provide specialist property and business advice in connection with the sale of two linked care homes in Blackpool and Preston.
Our instruction included site inspections, meetings with the operational management team and delivery of a detailed assessment covering trading ability, operational continuity and valuation of assets.
Based on our expert advice, a sale was negotiated with a new operator, ensuring a seamless transition and uninterrupted care provision – while maximising the return to creditors.
The Challenge
With the home continuing to operate throughout administration, maintaining uninterrupted care and retaining staff was critical, not only for the wellbeing of residents; but to preserve the business’s value and avoid any dip in performance.
In a sector with a limited pool of suitable buyers, achieving both operational continuity and financial return presented a significant challenge.
Selling a care home isn’t like selling any other business. It demands specialist expertise to navigate complex legal and financial issues without disrupting care delivery.
Landwood Group’s Strategy
Our team took a hands-on, partner-led approach, beginning with in-person inspections and engagement with key management stakeholders to understand the trading dynamics and on-the-ground operations.
We conducted detailed inspections of both properties and met with the management team to assess the current trading ability and value of both the property and business assets.
We provided clear advice on valuation and sale strategy. Thanks to our advice and careful marketing of the property, a successful sale was negotiated with a new operator, ensuring uninterrupted business operations and delivering the maximum return to creditors.
The Results
- Sale agreed with an established care operator
- Seamless handover with no interruption to care services
- Delivered best value outcome for creditors
Landwood Insight
Helen Jude, partner at Landwood Group: “Insolvency in the care sector leaves no room for error. Residents still need support, staff need reassurance and any uncertainty can quickly affect the value of the business.
“In this case, we worked closely with the management team to keep operations stable while preparing the homes for sale. That combination of on-the-ground involvement and sector knowledge made sure the transition was smooth and creditors saw the best possible return.
“For care operators feeling the strain, a sale isn’t the only option. There are often opportunities to consolidate, downsize or unlock value from underused assets. These routes can help stabilise your position without immediate exit. The key is acting early and getting the right advice to understand what’s possible.”
If you would like to speak to Helen Jude and our Insolvency Team on a similar property or find out how we could help you. Contact us today on:
Email: Enquiries@landwoodgroup.com
0161 710 2010
