Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
William Telford

Closed Plymouth care home leaves debts of more than £500k

A Plymouth care home which collapsed into liquidation blaming the Covid pandemic and staff shortages for forcing its closure has left debts of more than half a million pounds - most of it owed to former staff.

The Oasis Care Home, in Plymstock, shut in January 2022 and now documents filed at Companies House reveal creditors are claiming £604,997 in unpaid debts. But it is estimated by insolvency practitioners that, with only about £20,000 in recoverable assets, £587,848 will remain outstanding.

The vast majority of this debt - £363,481 - is owed to 37 former workers, representing £123,718 in unpaid wages and holiday pay, and £219,013 in redundancy payments, claims for notice pay, and other wage claims.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.