MHA Auchlochan - administration

MHA Auchlochan, the owner and operator of the Auchlochan Garden Village retirement complex in Lanarkshire, Scotland, entered administration on 2 May. Auchlochan Garden Village has been loss-making since it was acquired by MHA Auchlochan in 2009. MHA Auchlochan’s parent association, Methodist Homes, has provided significant financial support but losses have continued to accrue due to uneconomic service charges, staff and maintenance costs and low occupancy levels. Blair Milne, James Fennessey and Robert Young of Azets were appointed joint administrators.