A Lancashire care provider has gone into administration, with the loss of more than 150 jobs.
Abacus Care Home Care and Nursing Services Ltd supplied qualified nurses and health care assistants to care homes, hospitals, and secure units across Lancashire and beyond.
The company, based in Ormskirk, also provided palliative care and specialist care, and personal and domestic care to clients within their own homes.
A sister company, Abacus Care (Home Care and Nursing Services) Limited, also offered franchises providing various care services up and down the country.
Despite two decades of success, the owners have now closed both businesses.
Chris White and Gareth Rusling of The P&A Partnership have been appointed Joint Administrators.
All 152 staff across both companies have been made redundant.
The company’s collapse has been blamed on increasing legislation and intense competition.
Chris White from The P&A Partnership explained: “Abacus Care Home Care and Nursing Services (Ormskirk) Limited has provided a valuable service across the North West, and across the UK, for a number of years but has fallen victim to growing health care legislation alongside rising competition.
“These factors have made the business unviable, forcing the owners to make the difficult decision to shut down the company.”
The P&A Partnership is a specialist business turnaround and insolvency firm with offices across the UK, including London.
Its support for business includes restructuring, finance broking, debt collection and selling assets.