Flotations become unattractive or impossible to achieve, and potential trade buyers with the necessary funding can push for better terms.

Others have to make do with visits from home helps, which are often too short because council services lack the necessary funding.

But there are serious doubts over its ability to raise the necessary funding.

It didn't win, though, and it has taken 10 years to raise the necessary funding.

The company said that 1,158 beds would be delivered next year at a total development cost of 79 million, with all necessary funding in place.