A GREAT Yarmouth care home is being forced to close after it continued to lose money and failed to secure a new buyer.

The management company of Carisbrooke House Residential Home called in the administrators when they realised they could not trade until the end of November because of “significant losses each month”.

The decision will see 19 elderly and vulnerable residents moving to a new care facility, while staff look set to lose their jobs.

Norfolk County Council has already found new accommodation for the majority of residents at Carisbrooke House, and aims to find positions for all residents before it closes on November 16.

LPA receivers Begbies Traynor for Carisbrooke House Residential Home said: “As a result of continuing trading losses, and a lack of acceptable offers for Carisbrooke House Care Home and despite extensive efforts to market the business, the care home will close on November 16 and the building offered for sale.

“Every effort has been made over the past months to secure a buyer for the business, however no acceptable offers have been received, and it is now clear that no operator can see a financially viable future in Carisbrooke House Residential Home being managed as a care home.

“With significant losses each month, there is insufficient money to continue trading the care home beyond the planned closure date.”

Managers Goldcare Future Management have sent a letter to residents and staff informing them that the care home on Sandown Road would close.

The county council funds 14 out of the 19 people who are currently living at Carisbrooke House.

Harold Bodmer, director of community services at Norfolk County Council, said: “We have now reassessed all the residents at Carisbrooke House to make sure their future care and accommodation meets their needs.

“I’m pleased to say that suitable alternative accommodation has already been identified for most of the residents, and it will be possible in many cases for friendship groups to move into a new care home together.

“No one has moved out of Carisbrooke House yet and the moves will be planned and done in stages over the next few weeks.

“We have been so impressed with the support that staff at Carisbrooke have offered the residents and they have worked very closely with us to make a difficult time for the people in their care much easier.

“Our aim is to ensure that this move is as easy as possible for residents and their families.”

One couple whose relative is a resident at the home said they were happy with the service it provided and described it as a “good” home.