Other

Care provider Sedgemoor in negotiations over sale

Education Social Care
A national provider of care and education services for children is in the advanced stages of negotiating the sale of the entire business.

Sedgemoor, which has more than 65 residential homes and 14 schools providing services for children with behavioural difficulties and complex needs, has confirmed negotiations are taking place.

A spokesman for the company told CYP Now: "Sedgemoor is in advanced negotiations that might lead to a sale of the business, but no other comment is possible at this time."

Local authorities using Sedgemoor residential homes contacted by CYP Now, including Cambridgeshire County Council and Bath & North East Somerset Council, were not aware of a potential sale.

Sedgemoor's last publicly available accounts, dated 31 December 2005, show a loss of £67,574, compared to a profit of £765,404 the year before. The accounts also show Sedgemoor owed creditors more than £12m, due within one year. Of this total, £9.2m was for "other taxes and social security costs" not including corporation tax.

Register Now to Continue Reading

Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:

What's Included

  • Free access to 4 subscriber-only articles per month

  • Email newsletter providing advice and guidance across the sector

Register

Already have an account? Sign in here


More like this

Hertfordshire Youth Workers

“Opportunities in districts teams and countywide”

CEO

Bath, Somerset