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  • Nick Band

Cash squeeze at care home

Quality issues at this care home led to a poor CQC rating resulting in low occupancy and a squeeze on cash. With deteriorating relationships with the local authority and bank, the business needed help.

Accelerus created a recovery plan which included accurate cash flow forecasting, new financial modelling, improved marketing and an improvement in banking relationships. As a result, the home returned to profit with a reduced debt level


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